Written By:
IrishBill - Date published:
9:38 pm, July 5th, 2013 - 58 comments
Categories: Politics -
Tags: john key, SkyCity
The Herald is reporting that the SkyCity deal to increase human misery pokie machines in exchange for a white elephant convention center was done at 8pm this evening (which must be a record for burying a story on a Friday).
As Matt McCarten (who heads the union that deals with SkyCity) recently commented:
I was in an elevator with a senior gambling executive five years ago. It was a few days before John Key ousted Helen Clark’s government.
We chatted about what might happen in the gambling industry if National became government. He surprised me by claiming Key would be Tourism Minister.
My lift companion smiled when I responded that a prime minister doesn’t take on a portfolio traditionally delegated to a junior cabinet minister.
He winked that Key was committed to the “leisure” sector in its broadest sense. A few weeks earlier, a SkyCity senior manager had said something similar about tourism, that it and gambling were bedfellows.
And thus it came to pass.
So while everyone was getting angsty about Labour trying to find a better way to represent women in parliament, National was making sure they represented their mates just fine.
The current rise of populism challenges the way we think about people’s relationship to the economy.We seem to be entering an era of populism, in which leadership in a democracy is based on preferences of the population which do not seem entirely rational nor serving their longer interests. ...
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Oh get over it…labour built sky city. It’s a brilliant deal. The new labour ” in labour” party can run a referendum. Only that the old labmanour might have a point.
Vote sky city because the man lab is now our voted
You’re incoherent. Try again.
Spell check..still getting over crusaders big won..yeah…plus won a 1000 at the tab on the margin of victory…love gambling and betting..
Sky city bring it on
Investment and odds, Yes?
Yep invested my odds on voting national..they have come up trumps. Would of liked to have voted labour at the next election but now my favorite MP shane jones is to be replaced by Mrs. Jones.
2yes How droll…Yawn.zzzzz
So you don’t remember how much you invested and what the odds were. Interesting.
Yep I invested my intelligence in voting national and in 5 years my house in Auckland is worth a million
Ah well, an idiot (see figure 6) and his vote are easily parted.
Your house isnt worth a million. You have a sunk cost of a million you cant take out. Expensive accomodation as you are unlikely to downgrade to a mere half million dollar shack
But ghost this is what Key and his creepy lot of evil-doers do – they con the people into thinking they are wealthy when the truth is so much more. Or rather, less.
Bleeeaargh – the picture conjured in my mind of the modus operandi and the life-aims of people such as Yes is shiveringly shallow. Why do people live like this?
— and as a tangent, imagine if all housing in New Zealand was worth, say, two years average wage. Now that would be grand. Imagine how little of our hard-earned earnings would have to get paid to the big dirty banks then. Imagine how we would be freed from the shackles of debt (well, people like Yes anyway). Imagine how much more money everyone would have for spending on other things, like our children, our free time, our chickens, compared to how much people spend on their banks. How much on their banks? How much on their banks? How much on their banks? Methinks people don’t think.
Who said I was going to stay in Auckland?
Please do.
ps how funny that you racked your brains for something National have done to deserve your vote and you came up with ‘houses are more expensive’.
it is a good idea.
and then there are those encouraged by the satire of the likes of Gareth Morgan and have multiple houses worth a million, or more.
Yes ? Nah.
I wouldn’t have seen Key as a “man lab”. Don’t know why, but an Afghan Hound comes first to mind, in a dog-comparison game.
“labour built sky city”
Citation needed. How old are you, again?
Wingnut fails reality check. Nothing to see here.
“Who represents who”
– or the title for this post can be “Minister for SkyCity”
“Democracy” – not in John Key’$ vocabulary
In Con Key’s vocabulary, it is Money-cracy.
The force or power of money. Money rules!
“Business tourism is essential to NZ but we lack facilities to cater for large conferences. If we want to be a true business tourism destination we need to have a world class conference centre and Auckland is the most practical place for it.”
Labour supports the concept of a world class Conference Centre and will work with Auckland Council in progressing such a project.”
http://www.labour.org.nz/sites/labour.org.nz/files/2011%20Labour%20Party%20Manifesto.pdf
“Labour Mayor right to support Convention Centre”
http://www.scoop.co.nz/stories/AK1305/S00263/labour-mayor-right-to-support-convention-centre.htm
Seems like there is wide support for this particular white elephant
Well labour party is reflective of say 30% of tge popukation and len brown is up for re election. Wanting it and needing it are different. I remember when we needed aotea centre as an international conference centre… a costly white elephant.
What a shame IrishBill keeps repeating debunked nonsense.
It was public knowledge that Key would take the Tourism portfolio if he won the 2008 election, not some sort of secret Sky City deal. See:
https://twitter.com/GuyonEspiner/status/348571400388370433
And further: http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10539553
So Matt bullshitted a bit, eh? I guess that means it’s okay to cut a sweetheart deal with an multinational gambling company at the expense of your own citizens.
Good stuff mate.
Nope. It means Matt’s a liability.
So… we aren’t going to get a correction in the post…?
What’s in the post that needs correcting?
Matt said he was surprised. Maybe he doesn’t hang off every word from Espiner and so didn’t know, which would account for his surprise.
In any case, doesn’t effect the claim that SkyCity peeps were quite keen on Key being tourism minister, and have got sweet deals.
I must be having a slow day as I’m not sure what needs to be corrected. How about you explain it?
Yeah I remember that.
I knew he was going to be tourism minister and I remember thinking it was a weird choice for someone who’s entire life has been spent in the world of banking and money trading. Why wouldn’t he take a portfolio in which he had some relevant experience or had previously demonstrated some interest?
But the Sky City guy knew. He knew what it meant for his business.
He knew Key was going to look after him.
Support for the convention centre?
May I ask a few of the more “obvious” questions?
When is the ground breaking for the build?
Where is the skilled labour to build this gin palace coming from, Christchurch?
Just how many (and by when) jobs are being “created”?
Seems much more likely that having obtained the signatures on the deal Sky City may begin to put up the recession argument and very little progress will be seen in an actual build. Won’t matter to them as they will already have the revenue stream from the new pokie machines in some bank in Australia.
Anyone know if any penalty clauses exist if the build is delayed, and delayed, or put off until better financial times?
And will sky pay the cost overun?
If SkyCity are able to have these extra machines installed before the convention centre is complete, then we have been conned to an even greater extent than I initially thought.
When “build a convention centre for extra pokies deal” gets touted I’d imagine that many people believe the deed of title will have ‘NZ crown’ written on it, but I suspect it will actually be the property of SkyCity (?)
Sky City will have the extra 260 machines operating as soon as they can be installed, before next week end.
I believe the convention centre is wholly owned by Sky City, as such can be re designated as casino space at any time in the future (should it be built that is).
In the words of a great man, “Ever get the feeling you’ve been cheated?”.
What exactly did the great negotiator say to the Chinese?
oooh, prices on Infant Formula being lowered.
and, and, meat exports are being held up in China again due to form documentation.(oh, that was clever) 😉
OAK, indulge a fellow with the code for italicizing please, if you have the inclination, there’s a good chap. 😀
If this works I’ll tell ya
(I) write your text, then end with (/I)
note: use < and > instead of brackets used above
and it's a small i
groovy, sometimes one can be a lazy old dog
muchas gracias
WHO is paying for this convention centre?
Here’s some off the cuff numbers (extrapolated from the DIA site) just for the additional 230 machines (that’s not counting the already operational 1647 machines).
If;
1 cent x 1 line x 24 hours x 230 machines = $6624.00 = take per year at $2, 417, 760.00
$5 per spin x 24 hours x 230 machines = $3, 312, 000.00 = take per year $1,208, 880,000.00
$10 per spin x 24 hours x 230 machines= $6,624,000.00 = take per year $2, 417, 760, 000.00
Aspirational for any company to run at 100%, so let’s say they operate at 50%, not a chance in hell but let’s suppose they are allowed to. That drops the vig to;
$1, 208, 880.00
$604, 440, 000.00
$1, 208, 880, 000.00
If, and I mean if, the pokies return 85% of all monies taken (and who can police this remembering that the return is “over the lifetime of each machine”), the vig in NZ for the additional 230 machines alone is;
Minimum = $1, 027, 548.00
Medium = $51, 377, 400.00
Max = $1, 027, 548, 000.00
PER YEAR.
So, again, who is paying for this convention centre? Certainly not Sky City.
Anyone fancy calculating the vig for all 1877 machines, and do not forget the real gambling activities that are available at the casino. Very probable that the “pokie” con cross funds the losses of Sky City on Blackjack, Roulette and Poker. This without the concessions for food and booze.
Oh, what a racket Mr Key, you should be proud of yourself today.
we finally have the proof we need to judge Key as the most arrogant selfserving
elitist tory who has ever lead a NZ govt
How this country can have such a small minded ignorant capitalist running us is really unbelievable
To deny power to the majority who are now probably like me wondering when the vote will be the final straw that will bring this country to its senses about the lack of democracy in the decisions that this bozo Key is getting away with and which are doing possibly irreparable damage to the future of this country’s sovereignty and national identity
Get the prick out of govt pronto
‘
Another hidden cost is the likely “slow down in dividends” from TVNZ, according to Joyce.
“Great news
The final agreement on the centre, which will be able to cater for 3500 international conference delegates at any one time, is great news for New Zealand, Mr Joyce said today”.
The above from One News web site…Erm…can anyone tell me the last time 3500 “international conference delegates” turned up in Auckland, and for what? Death of the last Moa maybe?
Tolkien lotr hobbit conference – an estimated 12 000 virgins -I mean fans expected to coincide with the premier of the 8th installment of the hobbit movie franchise – the 6 hr epic where smaug talks w invisible bilbo and then flies around a bit then burns up all the dwarves leading to bilbo falling in love with jennifer annistons character of the hobbit girl slave who was sent to smaug as tribute to keep his nails clean – it’ll b awesum
Except it is pretty much the same sort of deal that was done in South Australia, by a Labour Govt. These kinds of deals are not extraordinary or a demonstration that NZ is a dictatorship.
And will 260 extra machines really herald a descent into evil. We have had the casino for nearly 20 years and you would be hard pressed to show a real deterioration in public morality as a result.
It is frankly ridiculous to see some of the posturing that goes on here. For instance trying to seriously suggest John Key is a dictator, is corrupt and is the worst ever PM that NZ has ever had is simply not believable.
How can you possibly ever convince people to vote Left, when so many of you indulge in such hyperbole.
If the Left just had a decent plan and kept talking about it instead of chasing phantoms, you might actually have a chance.
Well to be fair you do have a chance if Labour gets 33 and the Greens 15 (or some similar combination). But the way you are going, you are not on track to get that.
“Similar” – so Sky City will be paying more tax will it? Which laws did Snelling sell?
So Wayne, your argument is it’s fine because Labour (in Australia – which is even more of a stretch) did it too?
How does that work in a court of law, Wayne? “I may have stolen their savings your honour but so did that other investment firm”?
You can do better than that wingnut staple.
By the way, just seen Q &A.
Labour really needs to get Nick Legget into Parliament. One of the best commentators that Q & A has had. Personable, articulate, sensible.
Centre voters would respond to him, and a few more like him – maybe Helen Kelly. I don’t like her politics, but she does present well.
Labour would then look like they were refreshing the team. And parties in Opposition have to make big steps to do that.
Unless he has a sex change, he hasn’t got a chance of getting picked.
Fifteen out of fifty nine.
Well over 50% of those women are ministers, pretty damned impressive.
I won’t add any more to this thread otherwise I might be manbanned for derailing it.
🙄
Eight out of twenty-eight.