SkyCity Entertainment Group, New Zealand’s only listed casino operator, faces a “benign earnings outlook” until the benefits show through from the redevelopment of its Adelaide casino complex in the 2017 financial year, according to Deutsche Bank/Craigs Investment Partners. SkyCity is betting on a redevelopment of its Adelaide casino, which would enable higher spending limits for some of its gaming machines …

The Serious Fraud Office completed 28 investigations last year, amounting to just 6 percent of complaints received though the state agency says its ability to pursue important cases isn’t compromised by a lean budget. Newly appointed chief executive Julie Read appeared before the law and order select committee yesterday for the SFO’s annual financial review. The corporate crime investigator is …

Postie Plus Group, the worst performer on the New Zealand stock exchange this year, has agreed to sell its school uniform business SchoolTex for $9 million to reduce debt in an attempt to return the company to profitability. Postie Plus will seek agreement from shareholders for the sale at its annual meeting on Dec. 20, the Auckland-based company said in …