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Talk of a sale first started in October 2017 when SkyCity announced a new “asset-lighter” business strategy. The move came after the company’s 2016⁄2017 financial report showed a 69 percent fall in profit thanks, in part, to a $95 million write-down on the value of SkyCity Darwin.
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Under the new code of conduct, the games will also be required to display mandatory alerts. After the player has spent £250 or 30 minutes on the game, it will display warning messages to help players understand the risks of overspending on gaming machines.
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Another major concern about the app is that it has the potential to normalise gambling among young people. By allowing players to wager play money on horse races, the app distorts the reality of gambling.
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, the Tax Authority did not accept this interpretation and made it clear to the players that the income won in tournaments has to be interpreted as income from business dealings which is taxed at a 50% rate.
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