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Skycity Charitable Trust - Proposal to amend the methodology to fund the Trust



The Commission has received an application from SKYCITY Auckland Limited to vary the licence conditions attached to its venue licence. Licence condition 15 requires Skycity to support, financially, an independent charitable trust. It requires Skycity to pay to the Trust, annually, not less than 2.5% of the net profit after tax from the onsite businesses of the casino venue and conjunct facilities including the Sky Tower, hotel facilities and the Convention Centre opposite the casino venue, such payment in any one year never to be less than $500,000.

Skycity proposes to vary condition 15 so that it will pay to the Trust, annually, not less than 0.85% of the Casino Win (net of GST and duty), such payment in any one year never to be less than $500,000. Skycity states that this amendment will result the Trust receiving funding which matches historical levels received.

Feedback is being sought on this application and should be submitted to the Gambling Commission by 7 June 2019, either by email: info@gamblingcom.govt.nz, or by mail: PO Box 137295, Parnell, Auckland 1052

For full details in relation to this application, please see the documents below, or email any queries to the Gambling Commission directly at info@gamblingcom.govt.nz


1. Skycity cover letter/application - 11 February 2019 (PDF, 163KB)
2. Application to vary two licence conditions in relation to the funding of the Trust (PDF, 123KB)
3. Letter to interested Parties (PDF, 225KB)
4. Charitable Trust Information Sheet (PDF, 88KB)
5. Submissions on Skycity's Application:
     
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