New Christchurch Casino May be a 24-Hour Venue

Christchurch Casino is currently in the process of building a new underground nightclub in a parking garage below the gambling venue. The new hot spot is expected to generate more business for the casino, and it is possible that it may be open 24 hours a day.

In Christchurch, local politicians have proposed the introduction of a local alcohol policy (LAP), which would stop all nightclubs from serving alcohol after 1am. Only nightclubs within the city centre would be able to serve alcohol until 3am – and Christchurch Casino would remain the only venue that is permitted to hold a 24-hour liquor license.

Since the new nightclub will be a part of the casino, the 24-hour liquor license has been extended to the venue. So, technically, it could serve alcohol all day. If the nightclub is permitted to stay open all day, it will be the second venue is Christchurch to serve alcohol 24-hours a day.

As it stands, the nightclub will be open to individuals over the age of 20. During off-peak times, it will be an all ages venue (for other types of events). The venue is also being booked for a wide range of events in 2014, including gala dinners, corporate events and fashion shows.

SkyCity Sells Share in Christchurch Casino, Invests In Queenstown

Ever since the 2010 earthquake devastated Christchurch, the city has been struggling to return to its former glory. Entertainment venues across the city have shut down, and Christchurch’s casino has failed to generate a solid profit in years. So, it is no wonder that part-owner SkyCity is frustrated with its investment. As such, the casino operator has decided to sell its 50% stake in Christchurch Casino to Skyline for $80 million, accepting Skyline’s stake in SkyCity Queenstown for $5 million.

SkyCity has decided to take this route in order to shift its focus. Rather continuing to struggle to make Christchurch Casino successful yet again, SkyCity would rather focus its efforts on its Queenstown casino location, which is already thriving.

The company still plans on making some significant changes to Queenstown, however. This year, SkyCity has demonstrated its dedication to high-roller gambling in several of its casinos across New Zealand. Now, the company wants to extend that commitment to Queenstown, equipping the property with several new facilities that would welcome players with a thirst for high-stakes gambling action.

At SkyCity Queenstown, company executives are planning to build new restaurants and bars to make the property into a well-rounded entertainment venue. SkyCity would also like to introduce new VIP gaming parlours, at which VIPs would be able to wager upwards of $150 000 per bet.

Woman Wins Employment Dispute with Christchurch Casino

Christchurch Casino is already in a great deal of financial trouble. The recent earthquake has seen the operator lose a great deal of revenue and has boosted its insurance costs. Now, the company has been forced to pay out a $20 000 settlement to a woman who was wrongly dismissed from her position as a shift supervisor.

Tanya Cooper worked as a shift supervisor at the casino for a number of years. When she became pregnant, her employer promised that she would be able to return to her position in a year’s time. Unfortunately, she was informed that she would no longer be needed for the job only three months into her maternity leave. She was also told that a similar position would not be available.

She contacted the Employment Relationship Authority to file a complaint. She was not only humiliated but also stressed out over her financial situation. She ERA sided with Cooper, claiming that the casino operator treated her in an unfair manner by demoting her.

Now, Christchurch Casino will have to pay her $20000 in damages – $8000 in lost wages and $12 000 for her troubles.

Earthquake Still Affecting Christchurch Casino

The earthquake happened months ago, but the aftershock is still being felt across Christchurch. Many businesses are having a difficult time recovering and returning back to normal operation, and insurance firms are not making things any easier. Insurance companies are introducing new policies and clauses that may seem a little unfair in the event of another natural disaster.

In Christchurch Casino’s casino, the operator has been forced to agree to a $5 million excess, as opposed to its previous $50 000 excess. This means that the casino operator must pay the first $5 million in damages, and then the insurance company will cover the rest.

While it is a great responsibility for the casino, there aren’t many other options. Should the operator choose to forego this coverage, Christchurch Casino runs the risk of not being insured at all.

Christchurch Casino may have gotten one of the better post-quake deals. Some companies cannot receive full coverage while others are being faced with no coverage policies, in which the insurance company will not pay for damage that occurs 24 – 72 hours after a natural disaster.

Casino Patrons Make Slow Return to Christchurch

It has been ten months since the earthquake, and businesses across Christchurch are still have trouble returning to their form glory. It seems that a decline in tourism and more cost-effective attitudes among residents have contributed to lost profits for local businesses, and casinos are among the most negatively affected.

Christchurch Casino has seen some of the worst financial effects of the earthquake. After reopening in May, profits had dropped by 30%. Now, in December, profits are still 15% lower than they were during this time last year.

Job losses among local residents have likely contributed to the situation. Locals have less money to spend on leisure activities, so casino and gambling spending have dropped. Additionally, tourist numbers are much lower than they were in the previous year, and tourism dollars are very valuable to casinos.

The demolition of hotels around the casino has also have detrimental effects on the casino’s business. With no places stay close by, fewer people are taking the trip out to Christchurch to visit the casino.

The casino’s operators, however, are confident that things will return to normal soon. They believe that Christmas will bring in an influx of business before a full financial recovery is made.