SkyCity plans $300M casino upgrade

Company News


SkyCity Entertainment Group Limited (ASX:SKC) says they have lodged plans for a $300 million upgrade and expansion of the Adelaide Casino.
 
The new-look entertainment hub will include an 80 room luxury hotel, VIP player suites and signature restaurants. 
 
The street frontage will offer easy public access through the building. 
 
SkyCity also says that the past four months strong growth in the Adelaide Casino’s international business has helped lift revenue nearly 25 per cent over the same time last year offsetting soft local gaming. 
 
SkyCity reported a net profit of $113.99 million for the 2015 financial year.