SkyCity Bids Fail to Boost Stocks

16 Jan 2004

NEW ZEALAND – As reported by the New Zealand Herald: "SkyCity's negotiations to buy a second Australian casino, the Northern Territory's MGM Grand Darwin, yesterday failed to raise the adrenaline level of investors.

"Confirming market rumours that the company was undertaking due diligence on the business, SkyCity Entertainment Group managing director Evan Davies said the Darwin casino "represented an excellent opportunity for SkyCity to consolidate its position in the Australian gaming sector".

"The market appeared less enthusiastic, however. SkyCity shares closed down for the third day in a row, dropping 3c to $4.55, 15c below where they started the week…"

Language: English Location: Currency: > edit my preferences Home Online Slots Live Dealer Games Online Casinos Online Poker Online Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue
	SkyCity Bids Fail to Boost Stocks 16 Jan 2004 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> NEW ZEALAND – As reported by the New Zealand Herald: "SkyCity's negotiations to buy a second Australian casino, the Northern Territory's MGM Grand Darwin, yesterday failed to raise the adrenaline level of investors. "Confirming market rumours that the company was undertaking due diligence on the business, SkyCity Entertainment Group managing director Evan Davies said the Darwin casino "represented an excellent opportunity for SkyCity to consolidate its position in the Australian gaming sector". "The market appeared less enthusiastic, however. SkyCity shares closed down for the third day in a row, dropping 3c to $4.55, 15c below where they started the week…"