Staff and management of cinema software vendor Vista Entertainment Solutions have bought the 50 per cent stake in the firm that was previously held by SkyCity.
The move comes in the wake of SkyCity’s decision to divest its cinema business and focus on its core casino operations.
In a statement announcing the buyout today, Vista CEO Murray Holdaway is quoted as saying: “For some time, SkyCity has signalled that it wished to divest its cinema arm and related businesses and focus on its core casino and entertainment businesses.
“Our relationship with SkyCity was right at the time, and permitted our company to grow its present leadership position.
“However, we are delighted to now have full control of the business and are excited about further expansion globally.”
New Zealand-based Vista has customers in 47 countries.