SkyCity Conference Centre Deal on Track

Stephen Joyce, New Zealand’s Economic Development Minister, has recently decided to revisit his plan to enlist in the help of Sky City Casinos to build a conference centre Auckland. He hopes that the country’s newly relaxed attitude towards gambling regulations will make way for the construction of the new venue.

Four companies submitted proposals offering to build the new venue. SkyCity won the bid, as it offered the government a very attractive deal. The company offered to cover the entire cost of the centre’s construction in return for relaxed gambling laws. As such, the casino operator hopes that the government will allow for more gaming machines in its gambling venues across the city.

Initially, the deal was put on hold, as the government was not sure about relaxing its gaming laws for such a purpose. However, Stephen Joyce has decided that it would be best to reconsider the plan. The new conference centre would create a new reason for international tourists to visit New Zealand, making its construction essential to developing the country’s tourism industry.

This could be a mutually-beneficial deal for both sides. It will be interesting to see how the agreement will turn out this time around.

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