NZX/ASX Announcement - SkyCity Completes Strategic Review of International Business

SkyCity Entertainment Group Limited (SkyCity) advises that, following completion of a strategic review into its International Business division, the SkyCity Board has determined to permanently cease dealing with all junket operators, effective immediately, and continue to operate its International Business division under a revised operating model.

As previously indicated to the market on 18 February 2021 (as part of SkyCity's interim result announcement for the six months ended 31 December 2020), earlier this year SkyCity commenced a strategic review of its International Business division.

Under the revised operating model, SkyCity will deal directly with International Business patrons after appropriate know your customer and customer due diligence requirements are satisfied.

SkyCity will consult with its gaming regulators in New Zealand and South Australia in relation to its revised operating model.