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SkyCity wins battle over burnt car park value

Zoe Samios
Zoe SamiosBusiness reporter

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Adelaide casino owner SkyCity Entertainment has won its battle against investment giant Macquarie over how many millions of dollars it must pay to buy back its fire-damaged car park.

The High Court of New Zealand ruled in favour of SkyCity’s interpretation of costs over the termination of a 2019 deal with Macquarie to operate the car park at its flagship Auckland casino.

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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

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    Original URL: https://www.afr.com/companies/games-and-wagering/skycity-wins-battle-over-burnt-car-park-value-20231130-p5eo0z