New Zealand government has granted permission to the SkyCity Entertainment Group to complete New Zealand International Convention Centre (NZICC) project.
The extension has been granted under the NZICC Agreement, which allows a buffer between the programme date and the long stop date.
As per Gambling Insider, SkyCity commented: “SkyCity’s obligation under the NZICC Agreement to operate the NZICC will also be extended based on the date when the NZICC is completed. The regulatory concessions granted to SkyCity under the NZICC Agreement are unchanged.”
“SkyCity and Fletcher Construction remain committed to completing the NZICC in accordance with the requirements of the NZICC Agreement. SkyCity will continue to work with Fletcher Construction to complete the project as soon as possible.”
Though the extension has been granted from 2 January 2025 to 15 December 2027, SkyCity is eyeing the original target completion date of late 2024.
The project which costs around AU$750m (US$560m), will not be materially impacted and the further update would be provided by the company on August 25, 2021.