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SkyCity Approved to Buy Queenstown Casino

After agreeing to build for the government a convention centre in Auckland in exchange for regulatory concessions, SkyCity  Entertainment Group has been granted approval to buy Queenstown's Wharf Casino.

Earlier in July SkyCity finalised the deal to develop in Auckland a $NZ402million convention centre. In exchange SkyCity will be granted increased gambling concessions and a 27-year extension of its Auckland casino licence.

The Commerce Commission said it was satisfied the acquisition was unlikely to substantially lessen competition in the national or the Queenstown markets.

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