New Zealand and Australian casino operator SkyCity Entertainment Group is reportedly mulling the sale of some of its assets, including its underperforming casino in Darwin.

On Tuesday, the Australian Financial Review quoted sources saying SkyCity had approached strategic investors last month to gauge the level of interest in its Darwin casino, one of its hotels in Auckland and some carpark businesses.

The AFR suggested that, with SkyCity’s debt to earnings ratio set to hit 3x in the 2018 fiscal year and a pipeline stuffed with projects in various stages of development, the compamy had little room for error and thus would be eager to shift some of its lesser properties in exchange for some quick cash. The AFR also suggested that a sale of the entire SkyCity group might be under consideration.

FORMER SKYCITY CASINO MANAGER’S $2.5M FRAUD BILL