SkyCity enters sale and purchase agreement to offload SkyCity Auckland’s The Grand Hotel for US$124 million
SkyCity’s hotel sale agreement signals a property disposal by the casino group, relevant to investors tracking its assets.
4 entries from 2026-10-07 to 2026-10-15. Open in the feed
Get it flagged in Friday’s five whenever it moves.
4
entries tracked2
01 Deals & M&A1
03 Licences & markets1
04 RegulationNewest first, grouped by month.
SkyCity’s hotel sale agreement signals a property disposal by the casino group, relevant to investors tracking its assets.
The sale remains subject to Overseas Investment Office approval, with SkyCity continuing to operate the hotel until 2027.
Auction winners paid NZ$15 million per right yet still need full assessment, leaving operators exposed to capital risk until licences are expected in early 2027.
The policy would direct part of offshore online casino duty to community grants.