SkyCity opens structured sale review as it readies two NZ online casino licence bids

Chair Julian Cook told the company’s annual shareholders’ meeting in Auckland on October 21 that the board had rejected two unsolicited, non-binding proposals earlier in the year as opportunistic, and had received no improved or new whole-of-business proposals since. However, the board “remains aware of continued interest in the whole business,” he said, according to the addresses filed with the NZX and ASX . Under the new process, SkyCity will engage with interested parties and give them access to some due diligence information to help them develop proposals.