SKC - Sky City

[Balance]

https://www.smh.com.au/business/comp...22-p57csb.html

Takeover offer from Blackstone for Crown Casino for A$8 billion.

Could see some of that institutional money flow into Sky City if the takeover goes ahead.

Or will Blackstone make a tilt at Sky City too?

[Balance]

https://www.smh.com.au/business/comp...22-p57csb.html

Takeover offer from Blackstone for Crown Casino for A$8 billion.

Could see some of that institutional money flow into Sky City if the takeover goes ahead.

Or will Blackstone make a tilt at Sky City too?

[mikelee]

This should move back to pre covid levels, once reopening occurs abd ICC is up and running it will be spitting out a lot of cash, at which point it will be 4.50-5

But are you sure high rollers will be coming back in drove? Just look at what happened in Macau. No doubt business will pick up but as online gambling becomes increasing popular Sky's food and restaurant business could take much longer to recover I suspect.

[Waltzing]

thats like saying history doesnt repeat its self. Show us a time in the last 2000 years where human behaviour has changed much.

Does Zealandia today not look like Athens and Sparta and Pompeii.

What did they do in Pompeii, they PARTIED!!!

Imagine your locked up in china what are you going to do with your money. Leave if you can and go somewhere and party. They always find a way to get the money out. Hamilton has never stopped party mode at sky city.

[sb9]

Some solid financial, capital market and investment banking heavy hitters being added to the SKC Board incl SUM outgoing CEO Julian Cook keeping links with Chairman Rob Campbell.

With Crown being acquired recently, wonder if there's somethings up in the air with SKC too coinciding with these new Board appointments...

[Norwest]

Some solid financial, capital market and investment banking heavy hitters being added to the SKC Board incl SUM outgoing CEO Julian Cook keeping links with Chairman Rob Campbell.

With Crown being acquired recently, wonder if there's somethings up in the air with SKC too coinciding with these new Board appointments...

I thought exactly the same thing when I seen who they appointed.

If Crown are split up, Star is an obvious choice for their Sydney Casino given they own the the sole poker machine casino license in Sydney. That leaves Perth and more likely Melbourne as potential acquisitions if SKC was looking.

Unfortunately they don't have the cash on hand to do anything like this without a massive capital raise, thus I view 2 of the 3 appointments as a defensive move against potential vultures (e.g. Blackstone) looking at SKC, with the third appointment being Rob's association with Julian from working together at SUM.

[winner69]

Suppose not dealing with any international ‘junket operators’ makes Sky City less of a sin stock

Wonder how many zillions has been laundered over the years

[Filthy]

Wonder how many zillions has been laundered over the years

that just reminds me of OZARK (on Netflix)...

[MauroNZ]

It seems one Senior Manager has reduced his holding:

http://nzx-prod-s7fsd7f98s.s3-websit...097/344679.pdf

[sb9]

SkyCity tipped to reach 75% of pre-COVID revenue in 2021, outlook upgraded to stable

https://www.asgam.com/index.php/2021/04/19/skycity-tipped-to-reach-75-of-pre-covid-revenue-in-2021-outlook-upgraded-to-stable/