Exec: Casino Industry Consolidation is Inevitable - Sunday 26th of March 2006

NEW ZEALAND – As reported by the New Zealand Stuff: "SkyCity Entertainment Group managing director Evan Davies says it is a case of when, rather than if, mergers and acquisitions take place among sharemarket-listed Australasian gambling companies.

"He told a Trans Tasman Business Circle lunch in Auckland that industry consolidation was inevitable. But he was unaware of any impending moves by industry players and SkyCity was not at present considering any potential acquisitions.

"…Mr Davies said that in the long term the winners would be companies with excellent management models and a commitment to providing exceptional, differentiated experiences to a hungry trans-Tasman market that was always seeking something new.

"Any gaming industry consolidation might lead to moves toward trans-Tasman regulatory harmonisation, he suggested…"

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