AJ&Co helps client hit jackpot with Darwin casino resort buy

Commercial law specialists earn praise from American client with $188m deal

AJ&Co helps client hit jackpot with Darwin casino resort buy

AJ&Co Lawyers have continued their work for an American hospitality and gaming giant, this time acting as legal counsel in a casino resort acquisition in Darwin.

The Brisbane-based commercial law specialists advised Delaware North, which agreed with SKYCITY Australia to acquire the SKYCITY Darwin Casino.

The AJ&Co team was led by corporate advisory partner Jonathan Whybird, who was supported by real estate and commercial partner Sarah Bird and structuring and regulation partner Mark Lowis. The team worked closely with the US company’s legal teams in Australia and the US on due diligence and negotiating the purchase.

 “We assisted Delaware North in entering the Australian gaming market with the acquisition of the Aspley and Shafston Hotels earlier this year, and adding the Darwin casino to its portfolio will provide an excellent opportunity for Delaware North to show the Australian market why they are leadings in the international hospitality and gaming space,” Whybird said.

Financial terms of the deal were not disclosed, but numerous reports say that the purchase was made for $188m.

AJ&Co’s work has earned praise from the client. Gary Brown, Delaware North Australia managing director, said: “Jonathan and his team at AJ&Co were invaluable in this significant transaction for Delaware North. They worked tirelessly and pragmatically on this complex deal, with their exceptional service delivery a clear standout.”

Related stories

Free newsletter

Subscribe to our FREE newsletter service and we’ll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Please enter your email address below and click on Sign Up for daily newsletters from Australasian Lawyer.

Recent articles & video

Allens assists on $1.4bn capital raising applying ASX temporary class waiver

Hall & Wilcox plays major role in assets acquisition by fintech investor

CEO and managing partner parts ways with DWF

Authenticity and trustworthiness are critical to professional success, says G+T partner

Global healthcare company receives $1.2bn equity boost with HSF’s help

US bar comments on nationwide protests after George Floyd death

Most Read Articles

Lander & Rogers beefs up technology and digital practice with new partner

Baker McKenzie’s IPTech team gets an upgrade with new partner

Authenticity and trustworthiness are critical to professional success, says G+T partner

Gadens helps e-sports guru get in the game on $4.2m sale