Investor rejects Christchurch Casino shares buy-back plan - 2004-01-15
The dispute over the Christchurch Casino is continuing, with British shareholder Aspinall saying it will go up against chairman Barry Thomas' share buy-back plans.

The gambling operator said it wanted to put right the "misleading impression" given by Mr Thomas that a share issue to fund the intended buy-back of Aspinall's 41% share in the casino would take place.

But Mr Thomas - who represents the interests of 41% shareholder Skyline Enterprises and effectively controls the board of Christchurch Casino - appeared determined on pushing the proposal through after being told of Aspinall's statement.
Read the full story at Otago Daily Times

NZ Shares End Up As Telecom Surges; But Sky City Falls - 2004-01-15
A surge by Telecom led New Zealand stocks to a higher close Thursday, but casino operator Sky City lost ground after finding out it was in talks to purchase another casino in Australia.

The NZSX-50 index closed up 28.46 points, or 1.2%, at 2468.86 but decliners outnumbered advancers 53 to 51 from 148 stocks traded.

Volume of 35.5 million shares was worth NZ$107.8 million.

Heavyweight Telecom led the market, after having fallen earlier in the week, to close up 21 cents or 4% at a 23-month high of NZ$5.45.
Read the full story at Yahoo News