Thursday 31. December, 2015

Tougher Economy in Australia for SkyCity Entertainment

Gaming company, SkyCity Entertainment, has experienced strong growth in New Zealand thanks to its successful Auckland Casino, compared to the performance of its Adelaide and Darwin casinos in Australia.

SkyCity experienced stronger than expected growth in New Zealand due partly to an increase in the number of tourists over 2015. SkyCity is hoping to see similar growth in its Adelaide and Darwin casinos as it has seen in its Auckland and Queenstown casinos over the last year, although with Australia’s softer economy this is likely to be difficult.

“We tend to contrast Australia against New Zealand and in particular Auckland,” stated Nigel Morrison, Chief Executive at SkyCity. “New Zealand is going well, but Auckland is going even better and it’s definitely a lot harder in Adelaide and Darwin. I think there are some headwinds out there particularly with the decline of manufacturing in South Australia… but we think being able to tap into the tourist market is a big opportunity.”

Darwin has experienced eighteen months of huge economic growth due to major construction projects in the area, but that is now winding down and with the reduction of workforce in the area, there has been a corresponding reduction in casino and hotel visiting in the area. SkyCity expects revenue growth to be challenging in the Northern Territory.

In Adelaide, SkyCity has spent $50 million on its casino over the last few years and is expected to start a major $300 million upgrade and expansion project in the first half of 2016.

According to Mr Morrison, SkyCity’s international business has been growing successfully as the company attracts high-roller VIP gamblers from Asia to its casinos across both countries. 2016 may see some changes for the company across both countries.

TOP CASINOS
10 FREE SPINS

All new Australian players get 10 free spins without deposit!


150 FREE SPINS

Exclusive Australian bonus consisting of a $300 deposit bonus and 150 free spins!


130 FREE SPINS

All new Australian players get 130 free spins and bonuses up to €1000 on the first three deposits.


30 FREE SPINS

Get 30 free spins and 4 welcome bonuses to a total value of $1400 as a new Australian customer!


35 FREE SPINS

New Australian players get 35 free spins on Spiñata Grande and a 100% welcome bonus up to $200!


400% BONUS

As a new Australian customer, deposit €100 and you will get €500 to play for!


€10 EXCLUSIVE BONUS

Get a €10 exclusive bonus on your first depost and get 10% top-up on your winnings or 10% cashback on your losses the first week.


200 FREE SPINS

Get 50% of the deposit you make in free spins! Deposit $400 in order to get 200 free spins! Also, 100% bonus on your first deposit!


$500 BONUS

Join All Australian Casino and get a 100% bonus up to $500 as a new Australian customer!


50 FREE SPINS

As a new Australian player, you get 50 free spins and a 200% welcome bonus!


180 FREE SPINS

Get up to $1000 in bonus on your first four deposits. Also, 180 free spins to all new Australian players!


100 FREE SPINS

Get 100 free spins on Starburst and a first deposit bonus worth up to $400 as a new Australian player!


PokiesPedia was last updated:
April 16, 2017

Receive 100 Free Spins Now!

Receive 100 Free Spins Now!

Join our mailing list to receive 100 free spins instantly and the best bonus offers for Australians!

You have Successfully Subscribed!