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Sky City Acquires Remaining Casino Shares

10 May 2005

NEW ZEALAND – As reported by the New Zealand Stuff: "Sky City Entertainment today said it had acquired the remaining shareholding in Waikato casino Sky City Hamilton, plus retail and office space for a total of $37 million (US$27 million).

"Sky City said it had reached an agreement to acquire Riverside Trust's 30 per cent equity in the casino for $33 million, making it the 100 per cent owner.

"In a statement to NZX, Sky City also said it had agreed to buy six retail properties and office space in Hamilton's Riverside Entertainment complex for $4 million.

"…Sky City shares closed yesterday at $4.11, having ranged between $4.10 and $5.50 in the past year."

 
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