Sky City Entertainment, one of the biggest gambling operators in the country, has seen a significant rise in profits over the course of the last year. The company attributes this growth to the earnings generated by the Sky City Casino in Auckland.
Over the course of 2011, profits for Sky City rose by over $10 million to $78 for the year. The company believes that the changes made to Sky City Auckland are to thank for this impressive profit increase over the course of the past year.
$50 million was spent on renovating the gambling facilities available the casino, but the company still managed to offset the costs with improved profits. In addition to building a new VIP lounge, Sky City also renovated other areas of the casino to make them more attractive to players.
Slots brought in the amount of increased revenue, seeing a rise by 17%. Non-gaming elements also helped to boost profits. Auckland’s recently-revamped hotels and restaurants garnered a great deal of attention from patrons.
It seems that the adage “you have to spend money to make money” is true for Sky City. The company always seems to have very positive results after renovating its various casinos.