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.

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