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26 Nov 2024 20:53
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      Home > News > Business

    Sky City is planning to raise 230-million dollars in new equity to shore up its balance shee

    Sky City is planning to raise 230-million dollars in new equity to shore up its balance shee


    Auckland's Skytower
    Auckland's Skytower
    Most of its New Zealand venues reopened a month ago - after the Covid 19 shutdown.

    Its Adelaide Casino will remain closed until the end of the month, and its Queenstown Wharf Casino will remain closed until further notice.

    A planned restructure of waged staff is expected to be finalised this week.

    Sky City chief executive Graeme Stephens says most affected employees have requested voluntary redundancy.

    © 2024 Newstalk ZB, NZCity

     Other Business News
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     26 Nov: Former Warehouse Group boss Nick Grayston has received a 2.2 million dollar "golden parachute" following his abrupt departure in May
     26 Nov: Headwinds for the housing market, despite falling interest rates and rising confidence
     25 Nov: Again importing bitumen to Marsden Point should bring an economic boost and supply security to Northland
     25 Nov: The change in US Presidents will likely be felt in New Zealand's agricultural trade
     Top Stories

    RUGBY RUGBY
    Auckland's NPC team are on the hunt for a new head coach More...

    BUSINESS BUSINESS
    New Zealand's largest bank has slashed interest rates... on the eve of the Reserve Bank's Official Cash Rate review More...


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