SkyCity completes Darwin sale and looks to sell NZ carparks

Company News

by Rachael Jones

SkyCity Entertainment Group (ASX:SKC) has confirmed today that the sale of its SkyCity Darwin business to Delaware North was completed today.

The SkyCity Darwin Casino has consequently been renamed Mindil Beach Casino & Resort.

US-based global hospitality operator, Delaware North, was approved by the Northern Territory Government to acquire the Casino for $188 million.

SkyCity has also entered into a binding agreement to sell a long-term concession over its Auckland car parks to Macquarie Principal Finance Group for $220 million.

This is expected to settle by the end of July.

Shares in SkyCity Entertainment Group (ASX:SKC)

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.