THE New Zealand government and SkyCity have signed a deal over the construction of a convention centre in Auckland.
The casino will fully fund the $NZ402 million ($A348 million) centre in exchange for gambling concessions.
The contract was signed on Friday, a spokesman for NZ Economic Development Minister Steven Joyce has confirmed to NZ Newswire.
The details of the deal will be released on Saturday morning, he said.
The negotiations were originally supposed to be completed by June 14, but were pushed out to June 30, then July 5 after the sides failed to reach an agreement.
A commitment to complete the deal for the New Zealand International Convention Centre was unveiled on May 13.
It was announced then that the convention centre would cater for up to 3500 international conference delegates at any one time, with construction expected to begin next year and opening for business in 2017.
SkyCity would operate the convention centre for at least 35 years, and fund its construction, fit-out and land costs, in exchange for:
* extending SkyCity's Auckland casino licence, which is due to expire in 2021, out to 2048, and an amendment to cover all of SkyCity's properties in Federal Street
* 230 more pokie machines on the casino floor
* 40 more gaming tables
* a further 12 gaming tables that can be substituted for automated table game player stations, but not pokie machines
* up to 17 per cent of its pokie machines and automatic table games will be able to accept banknotes of greater than $20
* cashless gaming technology on all pokie machines and automatic table games at its Auckland casino.
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