Former SkyCity boss Nigel Morrison sells shares

Former SkyCity Entertainment Group chief executive Nigel Morrison has raised $461,450 by selling a small part of his stake in the casino group. 

Morrison stepped down on April 29. At the time, chairman Chris Moller said both the board and Morrison agreed it was the right time to appoint a new chief executive after eight years in charge. 

The former SkyCity chief sold 100,000 shares on May 24, according to a statement to the stock market operator, NZX. The shares sold are a small part of the stake Morrison holds in New Zealand's only listed casino group. He still holds 1,823,502 shares, worth $8,862,219 at the current price of $4.86. 

A short while ago shares had risen 1 percent, or half a cent, to $4.86. They've risen 9.8 percent since the start of the year.

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

October 1st Morning Report
Heartland publishes Annual Report, Climate Report and NOM
SCL - Scales increases ownership of Australian Joint Ventures
Cooks Coffee Company Trading Update
September 30th Morning Report
Devon Funds Morning Note - 29 September 2025
Synlait confirms Bright Dairy vote received
SML - FY25 Results, North Island Assets Sale & Annual Meeting
September 29th Morning Report
HLG Full Year Results for the period ending 1 August 2025