SkyCity agrees to sell The Grand Hotel in Auckland for NZ$221 million
The sale remains subject to Overseas Investment Office approval, with SkyCity continuing to operate the hotel until 2027.
Coverage since 13 October 2026. Open in the feed
Get it flagged in Friday’s five whenever it moves.
Entain, Stake, Betway, Eden Global Capital, Auckland City Collective, UBS
Computed from The Weekly Edge graph and entries. No model-generated numbers.
Activity summary: SkyCity Entertainment Group appears in 6 entries across 1 market (mainly New Zealand). By desk: Licences & markets 5, Deals & M&A 1. Computed from our records only.
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The sale remains subject to Overseas Investment Office approval, with SkyCity continuing to operate the hotel until 2027.
Eleven selected operators can apply for New Zealand’s 15 available online casino licences following the auction.
Betway, Stake, Entain and SkyCity can apply for online casino licences after advancing through New Zealand’s first competitive stage.
Operators holding application rights must still complete regulatory assessment before they can receive a licence to operate in New Zealand.
Eleven brands can apply for 15 New Zealand online gambling licences, with Betway holding the most application rights.
SkyCity, Entain and Stake can advance to online casino licence applications in New Zealand.