Cost of Sky City’s New Slots
In return for building a convention centre Auckland, Sky City has been allowed to install 500 new pokie machine at its local casino. While the move has been largely criticized, the casino operator has not let the opposition become a bother. A recent report shows that Sky City will be laughing all the way to the bank, as the new poker machine will actually pay off the cost of the construction within a few years.
According to a report by Goldman Sachs, each of the 500 new poker machines in Sky City will bring in about $150 000 per year. This is an incredible amount of cash, and will amount to at least $350 000 by the year 2017. After that, Sky City is solely making a profit on the new pokies.
While the new convention centre will attract new tourism to the city, some residents are worried what this deal will mean for Auckland’s image. Some believe that international onlookers will assume that the city only cares about it is bottom line, and does not consider the social effects of its financial decisions. Regardless, the city is going through with the plan.