SkyCity Entertainment's $300 million plans to redevelop Adelaide are being threatened by complex negotiations. The company had originally planned to spend the money making big changes to Adelaide's Riverbank Precinct, but now the deal is experiencing some difficulties. The deal would see SkyCity spending a large portion of the agreed-upon $300 million on transforming the Adelaide Oval, but that may not happen.

In return for this good deed, SkyCity wanted a review of the gaming taxes in South Australia. In South Australia, the government requires gambling operators to pay over 45% in taxes. SkyCity Entertainment argues that other jurisdictions charge less than 28% and believes that operators in South Australia should be subject to the same, lower taxes.

However, South Australian treasurer Jack Snelling has denied that any such deal will take place. According to Snelling, SkyCity will not receieve any special tax breaks for funding the redevelopment of the area, a development that may jeopardize the company's plans. SkyCity made a similar deal earlier this year. The company offered to pay $350 million to build a new international convention centre in Aukland.

Again, SkyCity asked for a review of the local gambling regulations.

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George Anderson
Author George, has over 25+ years’ experience in the Pokies and Casinos industry throughout Australia and New Zealand. Loves to research new Pokies games on the block and follows announcements from top industry providers about their upcoming releases. As soon as a new interesting pokie game appears on his radar, George is there to check it out and give you the scoop before anyone else and tell you about all casino sites where can play the latest game. Before this gig, George worked as Pokie game tester, making him an ideal candidate for this genre of work. He is also an animal lover and a proud owner of three dogs.