SkyCity and government extend talks

 

The deadline to finalize a deal between the government and SkyCity Entertainment Group Ltd. under which the gaming group would build a NZ$402 million ($324 million) convention center in exchange for permission to add capacity and regulatory concessions have been extended for two weeks. A study of the concessions, which include the addition of 40 tables and 230 slot machines, put their net present value at NZ$261 million-NZ$329 million. The deal will still need parliamentary approval and has come under criticism from some opposition legislators.