LAUNCH OF OFFSHORE SKYCITY ONLINE GAMING SITE
9 August 2019
Client Market Services
NZX Limited
Level 1, NZX Centre
11 Cable Street
WELLINGTON
Copy to:
ASX Market Announcements
Australian Stock Exchange
Exchange Centre
Level 6
20 Bridge Street
Sydney NSW 2000
AUSTRALIA
RE: SKYCITY ENTERTAINMENT GROUP LIMITED (SKC)
LAUNCH OF OFFSHORE SKYCITY ONLINE GAMING SITE
Please find attached an announcement concerning the launch of an offshore SkyCity
online gaming site via international iGaming company Gaming Innovation Group Inc.
Yours faithfully
Jo Wong
Company Secretary
MARKET RELEASE
9 August 2019
SkyCity announces launch of offshore online gaming site via Maltese subsidiary
SkyCity Entertainment Group Limited (NZX/ASX:SKC) today announced that its Maltese
subsidiary, SkyCity Malta Limited, has launched its offshore online gaming site
‘skycitycasino’ under a .com URL.
This follows the announcement in May 2019 of SkyCity’s partnership with international
iGaming company Gaming Innovation Group Inc (GiG) to provide New Zealanders with an
offshore online casino platform.
On news of the announcement, SkyCity’s Chief Executive Officer, Graeme Stephens said:
“This is an exciting day for SkyCity and one we have been working towards for some time
alongside SkyCity Malta and our partners at GiG. While ultimately a regulated online
gaming market remains the preferred solution, the site launch is another step on our
journey of pursuing opportunities to grow and diversify our earnings, addressing a new,
fast growing industry which is highly complementary to our land-based activities and
offering customers a multi-channel gaming experience’’.
The existing online casino market in New Zealand is well established (with a number of
sites in operation) with estimates suggesting approximately $160 million a year is spent by
New Zealanders on online casino platforms currently provided by offshore operators.
SkyCity remains supportive of regulating the New Zealand online casino market, including
introducing an appropriate licensing regime for operators and imposing taxes and
mandatory host responsibility requirements.
As previously highlighted, GiG will provide SkyCity Malta with a full-suite online casino
solution which includes a technical platform, gaming content, managed services and front-
end development. The skycitycasino online gaming business will be managed by an Online
Director (Steve Salmon) who is based in Europe.
ENDS
For more information please contact:
Media Investors and analysts
Colin Espiner
GM, Communications
DDI: +64 9 363 6467
Mobile: +64 27 504 6294
E-mail: Colin.Espiner@skycity.co.nz
Ben Kay
GM, Corporate Development & Investor
Relations
DDI: +64 9 363 6067
E-mail: ben.kay@skycity.co.nz
About GiG
GiG (GIG.OL/GIGSEK) is an established online casino platform provider and technology
company based in Malta (with offices in Scandinavia, Spain and Gibraltar) and is listed on
both the Oslo and Stockholm stock exchanges.
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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