close
MENU
Hot Topic NBR Focus: GMO
Hot Topic NBR Focus: GMO
Investment
1 mins to read

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

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

NZ$399.00 / yearly

Offer ends July 31st

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Will Mace Tue, 25 Jun 2024
Contact the Writer: william@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
SkyCity sells stake in online gambling supplier GiG for $55m
Investment,
104631
true