SkyCity Open to Potential Merger with Australian Gambling Firms

At its recent annual general meeting, SkyCity Entertainment Group Limited (NZX: SKC) addressed the possibility of a merger with an Australian gambling operator, following an inquiry from shareholder activist Stephen Mayne. Mayne suggested that a merger with companies like Star Entertainment or Tabcorp could strengthen SkyCity's market position. SkyCity Chair Julian Cook did not dismiss the idea, indicating that the company remains open to strategic options, though regulatory considerations would need to be thoroughly examined. This openness to mergers hints at SkyCity's focus on exploring avenues for growth and potential synergies in the gaming industry.

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