SkyCity's the limit - 2004-02-11
KIWI gaming group, SkyCity Entertainment, has snagged its second Australian casino, yesterday revealing it was purchasing the MGM Grand Darwin casino for $195 million.
The deal is subject to regulatory and Australian Foreign Investment Review Board approvals, anticipated to take two to three months to complete, SkyCity said.
Apart from minor spending, mostly associated with naming and branding changes, SkyCity does not expect to spend much after it takes over.
Read the full story at Daily Telegraph