Some people are questioning why the government changed its stance on casino legislation simply to accommodate one large casino company. The SkyCity Entertainment business gained a change in legislation to allow them to increase the casinos number of pokies and card tables. This legislation change was to support the casino ploughing $350 million into building a new conference centre.
The people questioning the right of the government and SkyCity are those that feel a large casino corporation earning loads in profits should not be getting handouts from the government for building a conference centre they will profit further from.
“It’s outrageous the Government is prepared to increase the legal number of pokies and gambling tables just so a corporate winner will build a place for people to have a conference,” Green Party MP Denise Roche said.
This being said it seems Skit City Entertainment want more about of the deal as they are requesting their Auckland casino licence to have renewal earlier than one would expect to take the licence past 2021. So on top of more gambling machines the casino is also looking to extend the period of their licence too.
For the second quarter of 2010 Skycity made $78.8 million in profit which is a huge seventeen percent increase on the same period of 2010.
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