Skycity Entertainment Group is a New Zealand corporation whose core business is owning and operating casinos in Australasia. It is the smallest of four major players operating in the market. The company's shares are traded on both the Australian and New Zealand Stock Exchanges, and 2007 net profits are expected to be around NZ$100 million, with the 2006 December half year having operating revenues of NZ$ 419.2 million. The present CEO of Skycity is Nigel Morrison.
The group came into existence in 1996 when the company was established as the owner of the Skycity Auckland complex. In 1998 it took over the operations from the previous gaming operator.
Skycity casinos often depend to a large degree on several hundred high stakes gamblers, often from East Asia, who may gamble hundreds of thousands of dollars in one visit to a casino.
Read more about Skycity Entertainment Group: History, Cinemas
Famous quotes containing the word group:
“If the Russians have gone too far in subjecting the child and his peer group to conformity to a single set of values imposed by the adult society, perhaps we have reached the point of diminishing returns in allowing excessive autonomy and in failing to utilize the constructive potential of the peer group in developing social responsibility and consideration for others.”
—Urie Bronfenbrenner (b. 1917)