| Decision | Consent granted Section 12(1)(a) and Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 6 May 2026 |
| Pathway | Significant business assets and Sensitive Land - Residential land development (one off) |
| Investment | Acquisition of up to 100% shares in Christchurch Casino Limited. Acquisition of approximately 0.6096 hectares of freehold land located at 373 Durham Street North and 72 Salisbury Street, Christchurch Central. |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | CCL NZ BidCo Limited Australia 100% |
| Vendor | Skyline Enterprises Limited |
| Background | The Applicant is ultimately owned by Radayla International Pty Limited as trustee of the Radayla International Trust and forms part of Iris Capital, a privately owned Australian investment group with a diversified portfolio across hospitality, property, and entertainment assets. Christchurch Casinos Limited owns and operates the Christchurch Casino and holds a 33% ownership interest in Dunedin Casinos Limited, both of which provides gambling and casino services. The land is currently, and will continue to be, used as a commercial carpark for the Christchurch Casino. Consent was granted as the Applicant has met the investor test criterion and the Investment is likely to meet the non-residential use test. |
| More information | Beth Reed Simpson Grierson PO Box 874 Christchurch 8140 |