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Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: First NZ Capital Holdings Limited

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Skycity Entertainment Group Ltd Signs Heads Of Agreement On NZICC

Sunday, 12 May 2013 04:30pm EDT 

Skycity Entertainment Group Ltd announced that it has signed a Heads of Agreement with the New Zealand Government to design, build and operate the New Zealand International Convention Centre (NZICC). This agreement details the key terms which will see SKYCITY commit $315 million to build and fit-out the NZICC, in addition to contributing the 14,000 square metres Auckland CBD site, bounded by Nelson, Hobson and Wellesley streets, which is valued at $87 million. In return for this, the Government will extend the Auckland Casino Venue Licence for 35 years to 2048 and has agreed to a package of regulatory reforms. 

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31 Jul 2014