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New Zealand Herald. Success in fighting Covid does not mean success in the economic battle ahead. Trending Topics. Skyline was also keen to buy the Aspinall stake. Sign In Register. Share on Google Plus google-plus. Sky said recently renegotiated debt facilities meant there would be no strain on the group's balance sheet. Share on Pinterest pinterest. Mr Thomas said last week that as far as he was concerned it was "still war" and he was on record as saying Sky City would get no help from him if it wanted to buy in. NZME Network. Print this article. Talks began six months ago between Sky and British casino operation Aspinall. It was a well-managed operation and had shown good growth. Another Aspinall NZ Limited also holds an effective The Christchurch casino, which opened in November , operates gaming machines, 45 gaming tables, two restaurants and three bars. Share on LinkedIn linkedin. Share on Whatsapp whatsapp. From breaking news to debate and conversation, we bring you the news as it happens. View from the top: Fourie says our region won't benefit from a one-size-fits-all approach. Register with us and content you save will appear here so you can access them to read later. Sky said the acquisition would be fully debt-funded. NZ stocks: Sky City deal on Christchurch casino hogs limelight. More from Business. Christchurch Casino is also a 33 per cent shareholder in Dunedin Casinos Limited, the owner and operator of the Dunedin casino. Latest from Business. Sky said the purchase price was consistent with a multiple of 7. These approvals are expected to take approximately weeks to conclude, Sky said. On the go and no time to finish that story right now? Paid Promoted Content. Your News is the place for you to save content to read later from any device.

The casino has been the subject christchurch casinos ltd a high stakes game over its control with chairman Barry Thomas, representing 41 per cent owner Skyline, saying last week he was "implacably opposed to Sky City taking control".

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Share via email email. Latest News Most Read. Subscribe to Premium. Sky has been on a spending spree in recent times. Invercargill businessman Louis Crimp has also put his 8. The Commerce Commission is likely to look closely at any move by Sky City, which already has substantial casino interests in New Zealand, including in Auckland, Hamilton and Queenstown. Sky said the purchase was in its core business in its home. Share on Reddit reddit. Newstalk ZB. He noted that Sky City "still hasn't had the courtesy to contact me about it". Share on Twitter twitter. New Zealand.