RE-OPENING OF ADELAIDE CASINO AND UPDATE ON EQUITY RAISING

26 June 2020


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)
RE-OPENING OF ADELAIDE CASINO AND UPDATE ON EQUITY RAISING


Please find attached a market release relating to the re-opening of Adelaide Casino and
the company’s $230 million equity raising announced on 17 June 2020.


Authorised by:


Jo Wong
Company Secretary
Phone: +64 9 363 6143
Email: jo.wong@skycity.co.nz

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NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

MARKET RELEASE

26 June 2020
Re-Opening of Adelaide Casino and Update on Equity Raising
Adelaide Casino
SkyCity Entertainment Group Limited (SKC.NZX/SKC.AX) (“SkyCity”) advises that it expects
to fully re-open its gaming, entertainment and hospitality facilities in Adelaide on
29 June 2020 as part of the South Australian Government’s three-stage approach to
re-opening the economy and easing the COVID-19 restrictions.
Consistent with the approach adopted when re-opening its New Zealand properties at
Alert Level 2, SkyCity expects to re-open the Adelaide Casino in a staged manner with
reduced operating hours, based on expected customer demand. Specific re-opening plans
include:
• casino access initially limited to “active” members;
• capacity subject to maximum patronage of one person per two square metres at any
given time (represents around 2,200 people, including staff);
• re-opening most food and beverage outlets (in addition to The Guardsman and
Madame Hanoi which re-opened in early June 2020);
• adherence to strict physical distancing measures, including configuring electronic
gaming machines to allow appropriate physical distancing, limiting customers at
each gaming table and ensuring appropriate spacing at restaurants and bars;
• infrastructure established to support contact tracing, primarily through surveillance,
guest registers, identity scanning and use of loyalty cards; and
• enhanced hygiene protocols.
As previously flagged to the market, the Adelaide Casino expansion and associated master
planning projects continue to progress well and remain on-budget and on-time for an
October 2020 completion. The expansion is expected to open in a staged manner
reflecting customer demand, with a focus initially on local and interstate customers given
ongoing international border restrictions.
Update on Equity Raising
The NZ$180 million institutional placement (“Placement”) announced as part of a NZ$230
million equity raising on 17 June 2020 successfully settled on the New Zealand and
Australian stock exchanges on 24 June 2020 following allotment and commencement of
trading of the new shares to participating shareholders. The Placement was strongly

supported by existing institutional shareholders and also attracted significant bids from
other institutional investors.
As part of the equity raising, SkyCity’s fully underwritten NZ$50 million share purchase plan
("SPP") offer opened on 22 June 2020. Under the SPP, eligible existing SkyCity shareholders
with a registered address in New Zealand or Australia can each subscribe for up to
NZ$50,000/A$47,000 worth of new SkyCity shares. The offer price of these shares will be
the lower of the Placement offer price of NZ$2.50 per share and a 2.5% discount to the
five-day VWAP of SkyCity shares traded on the NZX during the last five days of the SPP offer
period. The new shares to be issued under the SPP will rank equally in all respects with
SkyCity’s existing ordinary shares.
An SPP offer booklet, together with an application form, has been dispatched to eligible
shareholders and is available at www.shareoffer.co.nz/skycity
. All eligible shareholders are
encouraged to visit the website and apply online before the closing date for the offer
on 3 July 2020. Given present uncertainties with respect to postal deliveries, eligible
shareholders wishing to apply for new shares under the SPP are encouraged to do so online
and as soon as practicable.
ENDS

For more information, please contact:
Investors and analysts Media
Ben Kay
General Manager, Corporate
Development & Investor Relations
DDI: +64 9 363 6067
E-mail: ben.kay@skycity.co.nz

Liza McNally
Chief Marketing Officer
DDI: + 64 9 363 7137
Mobile +64 2194 4989
E-mail: liza.mcnally@skycity.co.nz


Not for distribution or release in the United States
This announcement is not financial product advice and has not taken into account your objectives, financial
situation or needs. This announcement has been prepared for release in New Zealand and Australia. This
announcement does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United
States or in any jurisdiction in which such an offer would be illegal. The offer and sale of the shares referred to in
this announcement have not been, and will not be, registered under the United States Securities Act of 1933 (the
U.S. Securities Act), or the securities laws of any state or other jurisdiction of the United States. Accordingly, the
new shares to be offered and sold in the Placement may not be offered or sold, directly or indirectly, to persons in
the United States except pursuant to an exemption from, or in a transaction not subject to, the registration
requirements of the U.S. Securities Act and applicable U.S. state securities laws. The new shares to be offered and
sold in the SPP may not be offered or sold, directly or indirectly, to any person in the United States or any person
acting for the account or benefit of a person in the United States.