New Zealand

From July 2004 casino licensing in New Zealand will be governed by the Gambling Act 2003, which will be administered by the Gambling Commission and the Department of Internal Affairs.

Under the Act, two licences are required to operate a casino in New Zealand. A site-specific casino premises licence is required, and the casino property must be managed by the holder of a casino operator's licence. SKYCITY Auckland Limited was issued a casino premises licence for Auckland in January 1994. This licence runs for an initial term of twenty-five years from the date of opening the casino (February 1996). The holder of the casino premises licence may apply for a fifteen-year renewal. There is no limitation to the number of renewals.

SKYCITY Casino Management Limited (a fully-owned subsidiary of SKYCITY Entertainment Group) holds a casino operator's licence which allows it to operate a casino anywhere in New Zealand. No operator licence term is nominated under the Gambling Act.

Auckland

SKYCITY Casino Management Limited took over the operations of the SKYCITY Auckland complex on 1 July 1998 following termination of the Harrah's management contract on 30 June 1998. From 1 July 1998 the Auckland complex has been SKYCITY-owned and operated. The SKYCITY Auckland complex currently operates 110 tables and 1,647 gaming machines.

Queenstown

SKYCITY Entertainment Group is a joint venture partner with Skyline Enterprises of Queenstown (SKYCITY 60 per cent, Skyline 40 per cent) in Queenstown Casinos Limited (QCL). The SKYCITY Queenstown Casino opened in December 2000. SKYCITY Casino Management Limited is the operator of the SKYCITY Queenstown Casino (12 gaming tables, 86 gaming machines).

Hamilton

In June 2005, SKYCITY Entertainment Group completed the acquisition of full ownership of SKYCITY Hamilton. Prior to that SKYCITY Entertainment Group was a joint venture partner (70 per cent) with Perry Developments Limited (30 per cent). SKYCITY Casino Management Limited is the operator of the SKYCITY Hamilton complex (23 gaming tables, 339 gaming machines) which opened in September 2002.

Australia

Adelaide

Casino licensing in South Australia is governed by the Casino Act, 1997, which is administered by the Independent Gambling Authority.

In February 2000 SKYCITY Australia Pty Limited, a wholly-owned subsidiary of the SKYCITY Entertainment Group, was the successful bidder for the Adelaide Casino, the holder of the casino licence for South Australia.

On 30 June 2000 SKYCITY assumed ownership and operational control of the Adelaide Casino. In April 2001 Adelaide Casino was relaunched, after an extensive refurbishment, as SKYCITY Adelaide. The Adelaide casino licence runs until 2085. SKYCITY Adelaide's gaming operations comprise 72 gaming tables and 900 gaming machines.

Darwin

In February 2004, SKYCITY announced the acquisition of the Darwin hotel and casino. The acquisition was completed in July 2004, with the property rebranded SKYCITY Darwin. The Darwin Casino licence runs until June 2015 and is then subject to NT Government renewal.

Other Operations

Christchurch Casino

In June 2004 SKYCITY acquired a 40.5 per cent shareholding in Christchurch Casino.

SKYCITY Leisure

In March 2001 SKYCITY acquired a 50.2 per cent controlling interest in NZX-listed SKYCITY Leisure Limited, a cinema exhibition company based in Auckland. Following a successful takeover offer of the company in July 2004, SKYCITY Leisure is now 100% owned by SKYCITY Entertainment Group, and has subsequently been de-listed from the stock exchange.