The largest snow sports event in the southern hemisphere is no more. 

The Winter Games have been held annually in Queenstown and Wanaka over the last 15 years. 

But organisers have announced it can no longer continue in its current format, due to escalating costs.  

Snow Sports NZ Chief Executive, Nic Cavanagh told Ryan Bridge it shows sport isn't immune to the current economic woes. 

He says everyone in the industry is finding it incredibly challenging to raise commercial partnerships and sponsorships. 

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