SkyCity Entertainment, the operator of casinos in New Zealand and Adelaide, will pay $NZ204 million ($187.5 million) to Macquarie to settle a long-running dispute over an Auckland car park fire.
SkyCity, which is also facing regulatory action in Australia over anti-money-laundering failures, agreed to sell the car park at the New Zealand International Convention Centre to Macquarie Capital Principal Finance in 2019, shortly before a fire caused significant damage to the site.
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Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
