Sharechat Logo

SKYCITY appoints new CEO

By Maddy Milicich

Tuesday 18th December 2007

Text too small?
SKYCITY Entertainment Group today announced the appointment of Nigel Morrison as its new chief executive.

Morrison has over 18 years experience in the gaming industry throughout Australia and most recently in Asia.

Morrison was chief executive of the Federal Group, Australia's largest private casino and gaming company. Prior to this he was chief operating officer at Crown Limited (operator of Melbourne's Crown Casino) where he played a key role in restructuring the business and increasing revenues to over A$1 billion.

He is currently the group chief financial officer of Galaxy Entertainment Group in Macau: a Hong Kong based listed company with a market cap of HKD$30 billion (NZ$5 billion).

Prior to embarking on a career in casinos in 1993, Morrison was a corporate finance partner with Ernst and Young, specialising in the gaming industry.

SKYCITY chairman Rod McGeoch said he and the Board were delighted to welcome Morrison onto the team.

"Nigel has the international and regional gaming industry experience we were seeking to take the SKYCITY business forward. He has an impressive record of success in building effective management teams and delivering consistent returns for shareholders.

"The Board was determined to appoint a CEO who was able to build on the momentum achieved by Elmar Toime in strengthening the performance of our casino business. We're confident that Nigel's financial background and extensive operational experience will add tremendous value to the SKYCITY businesses."

Morrison said he was excited to be offered this opportunity and was looking forward to leading the Group to realise its considerable potential.

"My core objective is to restore full confidence and pride for all SKYCITY stakeholders. Gaming is at the very core of SKYCITY and we will be focussing on building our existing gaming businesses, with a key priority on revenue growth in all markets. I am committed to building long term shareholder value, not only through organic growth, but at the right time, through capitalising on other gaming opportunities in the region."

Elmar Toime has been acting CEO since Evan Davies quit six months ago; Morrison will take over from Tiome March 17.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
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.

Related News:

SkyCity's Queenstown growth ambitions face test with convention centre decision tomorrow
SkyCity buys TVNZ land for $10.6 mln, broadcaster to put cash into upgrading main building
SkyCity shares fall as results show struggle to squeeze growth out of Auckland
SkyCity FY profit falls 8 percent on flat Auckland result, one-off 2012 benefits
FMA recorded Allen's role in SkyCity talks as potential conflict of interest
South Australia approves ‘game changing’ SkyCity casino licence, allowing A$300M investment
Government roped in FMA chair Simon Allen to help close SkyCity deal, papers show
SkyCity cleared to buy Queenstown's Wharf Casino
NZ govt, SkyCity take another 5 days on $402M convention deal
NZ government, SkyCity extend deadline for deal on $402M convention centre