GGB is committed to providing updated news and analysis on our weekly news site,

CEO's Exit Leaves Questions

CEO's Exit Leaves Questions

The resignation in April of SkyCity Entertainment Chief Executive Nigel Morrison has sparked questions about his exit, and more questions about the terms of his exit package. According to the Asia Gaming Brief, Morrison will walk with “up to NZ million (US.36 million) and observe a 12-month restraint of trade.”

According to AGB, market commentators are asking why the payout is so generous, and why the restraint of trade lasts a year given Morrison’s “voluntary departure.” Morrison contends he was “keen to take a break” after eight years in the high-intensity position. “It’s an incredibly demanding job,” he said.

But local sources speculated that SkyCity’s announcement that it would raise a further NZ$263 million (US$178 million) from shareholders sparked new questions, because the company previously said it was able to finance expansion out of existing credit facilities.

    Recent Feature Articles

  • Bar Hopping

    As new technology advances, the genre of the bartop gaming machine continues to grow.

  • The Ultimate Challenge

    How to compete in the marketing world with your biggest competitors

  • Combatting Hacking

    What is working and what needs to change with information security testing in gaming?

  • Don’t Leave it to Chance

    The importance of building an effective workplace culture

  • Making the Dream Work

    Laying the groundwork for safe, sensible and secure cashless gaming regulations