{"id":1335,"date":"2017-10-23T14:08:51","date_gmt":"2017-10-23T14:08:51","guid":{"rendered":"https:\/\/www.kiwicasinos.nz\/?p=1335"},"modified":"2020-11-26T08:54:42","modified_gmt":"2020-11-26T08:54:42","slug":"possible-sell-of-skycity-darwin","status":"publish","type":"post","link":"https:\/\/www.kiwicasinos.io\/possible-sell-of-skycity-darwin\/","title":{"rendered":"The Possible Sell of SkyCity Darwin"},"content":{"rendered":"
Hotel and casino operator in New Zealand, SkyCity Entertainment, might be selling its gambling portion of Skycity Darwin resort. According to media reports, the group\u2019s primary aim for doing this is to revive its gambling struggling businesses.<\/p>\n\n
Skycity Darwin is situated in the northern territory of Australia. The resort includes a 5-star hotel, land-based casino that offers various casino gambling games and different entertainment as well as accommodation options. Skycity bought this property from MGM, a United Stated \u2013 based casino gambling operator back in 2014. It was worth a total of about NZD$195 million.<\/p>\n
The current owner of the resort saw a drastic fall in profits from the casino department from the time it was purchased. The media reported that Skycity<\/a> recognised how its Darwin casino was underperforming even after they increased the number of poker machines.<\/p>\n The number of the casino gambling machines has been estimated to have increased by 75% since 2015. The easy access to these gambling machines has been said to result in cannibalised income from local casinos<\/a> in the northern territory.<\/p>\n