us hospitality giant buys darwins skycity casino

Earlier this year Delaware North acquired two Brisbane-area pubs and gaming venues (The Shafston Hotel and The Aspley Hotel) for more than $30 million, establishing the company’s foothold in Australia’s gaming and entertainment industry.

It has Northern Territory resort interests at Kings Canyon in Central Australia and owns the Lizard Island resort in Queensland and is best-known for operating the food and hospitality services at capital city airports, the Sydney Cricket Ground, Marvel Stadium, and at the annual Australian Open tennis tournament in Melbourne.

“Australia has been a second home for Delaware North for 30 years,” Delaware North co-chief executive Louis Jacobs said.

“With SkyCity Darwin, we are expanding our presence in the gaming and entertainment market.”

The hospitality giant owns or operates more than 12 casinos and gaming venues across the United States as well as more than 60 standalone restaurants at high-profile locations such as Rockefeller Center in New York City and Disney in Orlando and Anaheim.

Its Darwin property will now give Delaware North exclusivity over the city’s casino licence until 2036.

“We are a large family business and while we see expansion plans ahead for the Darwin casino it will be business as usual in the short term,” Jacobs said.

“We look forward to working with SkyCity Entertainment Group to welcome their employees at SkyCity Darwin to the Delaware North family.”

The sale, which was managed by Goldman Sachs, is subject to approval from Northern Territory Attorney General and Justice Minister Natasha Fyles.

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