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Skycity May Bid for Perth Casino

12 November 2003

<>NEW ZEALAND – As reported by (New Zealand) Stuff: "Casino operator Sky City Entertainment Group Ltd may yet make a bid for Perth's Burswood Casino.

"Responding to questions at an NZX media briefing in Wellington yesterday, Sky City general manager corporate Alistair Ryan said the company would be interested in purchasing the casino `if the price and circumstances were right'.

"…Sky City already owns a casino in Adelaide in addition to its New Zealand casinos in Auckland, Hamilton and Queenstown. It also has a 33 per cent interest in Australian internet sports wagering company Canbet.

"In September, Kerry Packer's Publishing & Broadcasting increased its stake in Burswood, Perth's sole casino operator, to 15.7 per cent when the West Australian government relaxed a 10 per cent ownership cap…"

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