SkyCity Entertainment said it’s moving David Christian back to head the company’s Adelaide operation after the recent sale of its Darwin casino.
Christian previously held the Adelaide position from 2006-14.
He was also previously General Manager at SkyCity Auckland and in Hamilton before that, and overall has more than 30 years’ experience in hospitality, hotel and casino management, including working in several Australian States and Singapore.
The current General Manager in Adelaide, Luke Walker, left the company earlier this month.
SkyCity finalized its Darwin casino sale in March, with an agreed price of A$188 million as announced in November last year.
“The sale is consistent with our strategy to sell certain non-core assets and to allocate capital to assets and businesses which we feel are better aligned with our long-term strategic objectives,” SKYCITY Chief Executive Officer Graeme Stephens said.
The transaction excludes a parcel of property known as Little Mindil which has a book value of A$11 million which SKYCITY will sell separately.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Bloomberry Resorts said its Bloomberry Resorts and Hotels unit signed, with a syndicate of banks, an amendment to the P73.5 billion ($1.5 billion) Omnibus Loan and Security Agreement for an additional facility in the principal amount of P20 billion. The facility was oversubscribed.
Imperial Pacific International is facing yet another lawsuit for its nonpayment of various contractors, workers, and others. This time, Xerox company is suing IPI for about US$183,000 for its failure to pay for services rendered and equipment rented.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.