Nov. 10 () – The Christchurch casino company, Skyline Enterprises Ltd., has rejected an undisclosed cash offer from SkyCity Entertainment Group, SkyCity has told the NZX.

The statement comes two days after Fairfax Media reported that the Australasian casino operator had offered between $100 million and $110 million for the 50% of the Christchurch casino that it doesn’t already own.

SkyCity’s company secretary Peter Treacy confirmed that Skyline had been “advised … of a cash offer” that SkyCity is “willing to make” to gain full control of the Christchurch gaming venue.

The 50/50 ownership came into effect last month, when both SkyCity and Skyline bought back a 8.6% holding owned by Invercargill-based Southern Equities Ltd.

()

Similar Posts:

• BVI-registered TechFaith launches Android-based gaming solutions
• Wynn Resorts is a ‘Chinese company’
• Playing Online Slots
• Crane rejects Fletcher offer as too low
• Westpac to pay a premium on philanthropic bond