{"id":75130,"date":"2026-08-24T08:35:36","date_gmt":"2026-08-24T08:35:36","guid":{"rendered":"https:\/\/gaming-awards.com\/NEWS\/?p=75130"},"modified":"2026-08-24T08:35:36","modified_gmt":"2026-08-24T08:35:36","slug":"oaktree-capital-evaluates-potential-acquisition-of-skycity-entertainment-group","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/oaktree-capital-evaluates-potential-acquisition-of-skycity-entertainment-group\/","title":{"rendered":"Oaktree Capital Evaluates Potential Acquisition of SkyCity Entertainment Group"},"content":{"rendered":"<p style=\"text-align: left;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-28867\" src=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2016\/03\/skycity-casino.jpg\" alt=\"\" width=\"255\" height=\"236\" \/>According to local reports,United States-based alternative asset management firm Oaktree Capital Management is reportedly weighing a potential deal to acquire SkyCity Entertainment Group. The strategic interest emerges as the dual-listed casino and hospitality operator navigates a complex landscape of regulatory remediation and financial restructuring across its New Zealand and Australian operations. For Oaktree Capital, the potential transaction aligns with a demonstrated strategy of pursuing undervalued or distressed assets within the Australasian gaming sector.<\/p>\n<p style=\"text-align: left;\">SkyCity Entertainment has confronted significant operational headwinds over the past year. The company recently agreed to a A$67 million civil penalty with the Australian Transaction Reports and Analysis Centre (AUSTRAC) following anti-money laundering compliance failures at its Adelaide property. Furthermore, the operator\u2019s Auckland precinct experienced a mandated five-day gaming floor closure under an agreed license suspension related to host responsibility matters. These regulatory challenges have necessitated robust compliance overhauls and placed considerable pressure on the company&#8217;s financial standing.<\/p>\n<p style=\"text-align: left;\">In August 2026, SkyCity reported its full-year financial results, revealing a 22.3 percent decline in underlying EBITDA to NZ$181.6 million. Addressing the financial performance, SkyCity Chief Executive Jason Walbridge verified the figures, stating, &#8220;We&#8217;ve delivered on our earnings guidance provided in May of NZ$181.6 million, which is down 22.3%, or NZ$52.1 million on last year.&#8221; To strengthen its balance sheet, the company has suspended dividend payments, initiated a workforce restructure affecting approximately 200 roles, and launched a comprehensive asset monetization program. This program aims to generate up to NZ$300 million in gross proceeds by December 2026 through measures such as the unconditional sale of its Auckland commercial properties.<\/p>\n<p style=\"text-align: left;\">Oaktree Capital has previously engaged in high-profile interventions, including a $650 million debt refinancing proposal for Star Entertainment Group and a prior funding offer for Crown Resorts. Acquiring SkyCity would present Oaktree with an established portfolio of land-based casinos, the newly opened New Zealand International Convention Centre (NZICC), and a pathway into New Zealand\u2019s emerging regulated online casino market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to local reports,United States-based alternative asset management firm Oaktree Capital Management is reportedly weighing a potential deal to acquire SkyCity Entertainment Group. The strategic interest emerges as the dual-listed casino and hospitality operator navigates a complex landscape of regulatory remediation and financial restructuring across its New Zealand and Australian operations. For Oaktree Capital, the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":28867,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123,2,11,8],"tags":[],"class_list":["post-75130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australia","category-gaming","category-headlines","category-latest"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Oaktree Capital Evaluates Potential Acquisition of SkyCity Entertainment Group - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/oaktree-capital-evaluates-potential-acquisition-of-skycity-entertainment-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oaktree Capital Evaluates Potential Acquisition of SkyCity Entertainment Group - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"According to local reports,United States-based alternative asset management firm Oaktree Capital Management is reportedly weighing a potential deal to acquire SkyCity Entertainment Group. The strategic interest emerges as the dual-listed casino and hospitality operator navigates a complex landscape of regulatory remediation and financial restructuring across its New Zealand and Australian operations. 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