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SkyCity sells stake in online gambling supplier GiG for $55m

Casino operator says it bought the stake for $40m in 2022 but is now not ‘strategically necessary’.

SkyCity has sold its stake in GiG.

Will Mace Tue, 25 Jun 2024

SkyCity has entered into an unconditional agreement to sell its “around 10%” shareholding in Gaming Innovation Group Inc (GiG) for $55 million after acquiring it for approximately $40m.

The NZX-listed casino operator said in 2019 that its subsidiary, SkyCity Malta, had partnered with the

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Will Mace Tue, 25 Jun 2024
Contact the Writer: william@nbr.co.nz
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SkyCity sells stake in online gambling supplier GiG for $55m
Investment,
104631
true