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It is a good enterprise and should be booming, spinning off the cash at a massive fee. At their Nov 2009 AGM Administrators indicated uncertainty of their business for the approaching yr. SI - Just as an aside, can we see Sky City taking a look at on-line gaming if laws permitting New Zealand companies to do that is passed and is that one thing Sky City would foyer Government for considering the lack of revenue from Kiwis gambling on overseas based mostly gaming affords? On the extension of the current convention centre positioned within the Sky City Grand Hotel complicated Mr Morrison indicated that shareholder cash would be spent on upgrading and permitting for more delegates past its present capacity however prices can be hopefully mitigated by elevated revenue from foot site visitors to the casino (by way of the present footbridge) and patronage to plenty of bars and consuming establishments to be developed within the Federal Street precinct. What do you set the drop right down to and do you think the market is valuing Sky City shares appropriately given a report result this half and an indicative report for full year 2010?

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