Story perspectives
Iris Capital Buys Christchurch Casino for Over $100 Million
By Drooid · · How we work
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Story summary
- Iris Capital acquired Christchurch Casino in New Zealand for more than $100 million.
- The purchase marks Iris Capital’s first investment in the New Zealand market.
- Sam Arnaout, a Sydney hospitality billionaire, serves as chief executive of Iris Capital.
- The deal transfers Christchurch Casino Ltd’s 33% stake in Dunedin Casino to Iris Capital.
- Ryan Geddes of Savills New Zealand said the transaction shows strong international confidence in New Zealand’s commercial assets.
