SkyCity chairman open to takeover talks but only if The Star takes the lead

New Zealand and Australian casino operator SkyCity Entertainment Group says it’s open to discussing a takeover by Aussie rival The Star Entertainment Group, but only if The Star takes the lead.

Last week, Australian media reported that SkyCity was mulling selling off its Darwin casino and could be open to a complete takeover by a rival such as The Star, which operates the casino of the same name in Sydney as well as properties in Queensland.

Following those reports, SkyCity publicly denied its Darwin property was on the block. On Monday, SkyCity chairman Brian Moller repeated that view but told investors that if The Star were to “come forward with a proposal then in the best interests of shareholders we will clearly consider it.”

However, Moller said there’d been no talks with The Star “nor any meeting held or arranged.” Moller also suggested anyone interested in any further details should “talk to and ask Star about this speculation rather than us.” A spokesman for The Star was similarly unhelpful, saying “there have been no discussions and we have no plans for any discussions.”