Sky City doesn’t need any government help. This week they announced revenue of over $500 million and a half year profit of just over $66 million.
There can be no justification for handing over any taxpayers money to Sky City, certainly not over $100 million of it. Sky City can well afford to build whatever it wants to out of its own operating profits. They’ve already been gifted a piece of public land in downtown Auckland to build the convention centre. Not to mention a 27-year extension to its licence and the right to have an extra 230 pokies and up to 52 more gaming tables. The government has been generous to a fault – at our expense. Continue reading