Exec:
Casino Industry Consolidation is Inevitable
As reported by the New Zealand
Stuff: "SkyCity Entertainment Group managing
director Evan Davies says it is a case of when,
rather than if, mergers and acquisitions take
place among sharemarket-listed Australasian
gambling companies.
"He
told a Trans Tasman Business Circle lunch in
Auckland that industry consolidation was inevitable.
But he was unaware of any impending moves by
industry players and SkyCity was not at present
considering any potential acquisitions.
"…Mr
Davies said that in the long term the winners
would be companies with excellent management
models and a commitment to providing exceptional,
differentiated experiences to a hungry trans-Tasman
market that was always seeking something new.
"Any
gaming industry consolidation might lead to
moves toward trans-Tasman regulatory harmonisation,
he suggested…"
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