Delaware North to Drop $137 Million on Australia’s SkyCity On line casino Darwin

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US hospitality and gaming group Delaware North (DN) will purchase the SkyCity On line casino Darwin in Australia’s Northern Territory in a deal price $137 million.

Delaware North gained’t be SkyCity Darwin’s first American proprietor. The on line casino resort was a part of the MGM empire from 1995 to 2004 earlier than it was offered to New Zealand operator SkyCity Leisure. (Picture: SkyCity Leisure)

It is going to be the Buffalo, New York-based firm’s first foray into on line casino possession exterior the US market, the place it operates eight racetracks and casinos in New York State, Illinois, West Virginia, Florida, Arkansas, and Arizona.

However DN is already very a lot a global-facing enterprise by its stadium catering and tourism operations. In addition to offering high-end eating to the arenas of many professional US sports activities groups, it additionally caters to Wembley Stadium — house of the England nationwide soccer staff, and the Emirates — the house of EPL staff Arsenal. In Australia, it supplies providers to the Australian Open tennis championships.

Ex-MGM

DN has additionally invested closely within the Australian tourism business, buying customer facilities and resorts at well-liked trip locations like Kings Canyon and Lizard Island.

Australia has been a second house for DN for 30 years,” stated Lou Jacobs, co-CEO of Delaware North. “With SkyCity Darwin, we’re increasing our presence within the gaming and leisure market. We stay up for working with SkyCity Leisure Group to welcome their staff at SkyCity Darwin to the Delaware North household.”

This gained’t be the primary time the property has been owned by a US firm. Between 1995 and 2004 it was owned by MGM Resorts and was generally known as the MGM Grand Darwin. MGM offered it to New Zealand’s SkyCity Leisure Group for $141 million.

The on line casino resort is surrounded by 30 acres of tropical gardens on the Arafura coast, a stone’s throw from the seashore. It boasts 600 slots and over 30 desk video games, plus a 152-room lodge, 4 eating places, 5 bars, a beachfront resort, VIP tremendous villas with gaming suites, a day spa, and convention house.

Florida Racing Ban Will Hurst DN Ops

DN’s gaming operations again house have been variously impacted by November 6 elections. Voters in Arkansas accepted an modification to legalize full-scale on line casino gaming within the state, which is able to authorize its Southland Greyhound Park facility to start providing slots and desk video games.

It’s presently solely permitted to supply “skill-based” gaming, a modified model of conventional on line casino video games.

However as a serious operator of greyhound tracks, Florida’s determination to ban canine racing Just isn’t a constructive for DN, which operates the Daytona Seashore Kennel Membership within the Sunshine State.

Whereas lots of Florida’s canine tracks truly supported the ban and have been desperate to be “decoupled” from their obligation to supply a quota of races as a situation of their licensing, Daytona Seashore stated lately that canine racing was a worthwhile and necessary a part of its enterprise.

Florida is the hub of greyhound racing within the US, with round 65 % of lively tracks, and the choice to section out the sports activities by 2021 will like affect DN’s greyhound operations elsewhere within the US.

The publish Delaware North to Drop $137 Million on Australia’s SkyCity On line casino Darwin appeared first on On line casino.org.



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