   skycity entertainment group is a new zealand corporation whose core business is owning and operating casinos in australasia. it is the smallest of four major players operating in the market. the company's shares are traded on both the australian and new zealand stock exchanges, and 2007 net profits are expected to be around nz$100 million, with the 2006 december half year having operating revenues of nz$ 419.2 million. the present ceo of skycity is nigel morrison. the group came into existence in 1996 when the company was established as the owner of the skycity auckland complex. in 1998 it took over the operations from the previous gaming operator harrah's entertainment. skycity casinos often depend to a large degree on several hundred high stakes gamblers, often from east asia, who may gamble hundreds of thousands of dollars in one visit to a casino. ==history== since opening its original auckland casino on 2 february 1996, skycity has expanded its operations to several new zealand and australian cities. in june 2000, it bought the adelaide casino. it added another casino to its portfolio when it opened skycity queenstown in the alpine resort of queenstown. in july 2004 it bought 
Companies_based_in_Auckland Gambling_companies_of_New_Zealand