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Hi all,
This is an interesting development in NZ. We have banned smoking in pubs, restaurants and casinos in Aus as well. What is now happening is the charities that receive donations from the gaming industries are not getting as much as they use to. The decrease in $$ from the gaming companies is due to the amount of people not going to play the machines anymore because they can’t smoke.
Here is the start fo the article->
A law banning smoking in pubs, restaurants and casinos is expected to choke Sky City's growth next year, but analysts say it is well prepared to offset the impact.
Parliament passed a bill last night prohibiting smoking in enclosed public spaces such as clubs and taxis, which would make this Christmas the last when gamblers at Sky City's New Zealand casinos can smoke while they play.
While the Government's plans to tighten anti-smoking laws put pressure on Sky City's share price when they were announced in March, the shares rose 5 cents to close at $4.60 yesterday as investors digested plans for a development costing up to A$70 million ($NZ79 million) at Sky City's Adelaide casino, which was announced yesterday.
Read More->
Best Regards
Marc
This is an interesting development in NZ. We have banned smoking in pubs, restaurants and casinos in Aus as well. What is now happening is the charities that receive donations from the gaming industries are not getting as much as they use to. The decrease in $$ from the gaming companies is due to the amount of people not going to play the machines anymore because they can’t smoke.
Here is the start fo the article->
A law banning smoking in pubs, restaurants and casinos is expected to choke Sky City's growth next year, but analysts say it is well prepared to offset the impact.
Parliament passed a bill last night prohibiting smoking in enclosed public spaces such as clubs and taxis, which would make this Christmas the last when gamblers at Sky City's New Zealand casinos can smoke while they play.
While the Government's plans to tighten anti-smoking laws put pressure on Sky City's share price when they were announced in March, the shares rose 5 cents to close at $4.60 yesterday as investors digested plans for a development costing up to A$70 million ($NZ79 million) at Sky City's Adelaide casino, which was announced yesterday.
Read More->
Best Regards
Marc