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Christchuch Continues Campaign Against SkyCity

NEW ZEALAND – As reported by the New Zealand News: "Christchurch Casino is continuing its campaign to stop gambling heavyweight SkyCity buying into its business.

"The latest salvo in the war over a 40.5 per cent stake in the South Island operation comes in the form of a weighty objection to the deal which Christchurch Casino has lodged with the Commerce Commission.

"SkyCity Entertainment Group is seeking the commission's approval to buy the stake from London-based Aspinall Group for $93.75 million (US$58.7 million).

"The Christchurch holding would give it a stake in five of the country's six casinos, including an indirect share in Dunedin's casino, which is part-owned by the Christchurch business…"

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