Nearly all 50 of SkyCity’s capital development projects in New Zealand have been put on hold
SkyCity has closed Adelaide Casino
200 staff redundant as they attempt to stem losses
Nearly all New Zealand projects have been put on hold
SkyCity, owners of Adelaide Casino, have closed their casino property, making 200 staff redundant as they attempt to stem losses of $90 million a month.
Their Adelaide expansion, which includes the construction of a hotel in the Riverbank Precinct, is continuing, at this stage. They still expect to complete the new Adelaide expansion in the reasonably near term, still on track for later this year, as a significant employer.
All 50 of SkyCity’s capital development projects in New Zealand, except its NZICC and Horizon Hotel project, have been put on hold at least until the properties reopen. No work is currently possible on the NZICC and Horizon Hotel project in Auckland because of a local shutdown so we have no idea why SkyCity says the project has not been put on hold.