SkyCity Entertainment Group is a casino and entertainment operator listed on the NZX and ASX that runs integrated entertainment complexes in Auckland, Hamilton and Queenstown in New Zealand and in Adelaide, South Australia, each with casino gaming facilities, restaurants and bars. It also offers hotel accommodation in Auckland and Adelaide and operates a convention centre. Alongside its land based casinos, the SkyCity Online Casino, based in Malta, offers online gaming to New Zealanders, and the group has appointed a Managing Director for its online business as New Zealand moves towards a regulated online market. The board's Governance and Nominations Committee oversees the protection of the company's casino licences, statutory compliance, and host responsibility and problem gambling programmes, while a Risk and Compliance Committee oversees regulatory compliance. The parent company is SkyCity Entertainment Group Limited.
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SkyCity Entertainment Group will give interested parties due diligence information on the entire business, though its chair told shareholders that no new or improved proposal has arrived since the two it rejected. The same morning its chief executive said it bid for two online casino licences rather than three to stay within its return targets.
SkyCity Entertainment Group has signed a binding agreement to sell The Grand Hotel in Auckland for NZ$221 million, about $124 million, to two companies from a privately owned property group. With the office sale already settled, it says it has now raised more from asset sales than it promised shareholders, but the deal still needs Overseas Investment Office consent.
The Department of Internal Affairs has named the 11 entities that won New Zealand's 15 rights to apply for an online casino licence, at a single price of NZ$15 million each. SkyCity, Stake, TAB New Zealand and companies linked to Super Group and Entain are on the list, but none of them holds a licence yet.
SkyCity Entertainment Group will run a formal, UBS-led sale of SkyCity Adelaide after inquiries from what it calls "credible interested parties", and has hired advisers to engage with suitors for the entire group. The board says a sale is not certain, and that the approaches it has already had undervalue the company.
The settlement lands on 1 September and takes SkyCity a third of the way through a NZ$200m divestment programme designed to bring down debt after a bruising two years.
After years of regulatory grey area, New Zealand has passed legislation that will bring offshore online casino operators to heel and create one of the Asia-Pacific region's most anticipated new regulated markets.
SkyCity Entertainment Group has reported a statutory net profit after tax of NZ$29.2 million for the 2025 financial year, a significant swing from the
SkyCity Entertainment Group has secured its future in South Australia after a long-awaited independent review concluded that the company is now suitable to