SkyCity Secures Online Casino Licences
Key points
- SkyCity wins auction for online casino licences
- Successful for two licences with a fee of NZ $15 million each
- Application process to begin ahead of next year's market opening
- CEO Jason Walbridge expresses excitement about entering the online market
Full summary
SkyCity Entertainment Group Limited (ASX: SKC) is pleased to announce its success in the auction for online casino gambling licences under the Online Casino Gambling Act 2026. SkyCity secured the rights to apply for two licences, each with a fee of NZ $15 million (excluding GST). The company will now proceed with the application process in anticipation of the market opening next year. SkyCity's CEO, Jason Walbridge, expressed enthusiasm about leveraging the company's brand trust and market knowledge to establish a successful online casino business in New Zealand.
Guidance
SkyCity to pay NZ $15 million per licence for online casino licences
Outlook
SkyCity plans to enter the online casino market in New Zealand next year, following the successful acquisition of licence application rights.
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