SkyCity faces a $4M fine and a possible NZ license suspension

SkyCity faces a $4M fine and a possible NZ license suspension

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SkyCity faces a $4M fine and a possible NZ license suspension

With the resumption of a separate investigation into the feasibility of its Adelaide casino licence, SkyCity‘s regulatory issues are likely to persist. 

The review was started in 2022 but was put on hold in 2023 because the company was being sued by the same casino for breaking South Australian laws against funding of terrorism and money laundering. The Adelaide casino was hit with a $73.6 million fine for the infractions once the legal proceedings were concluded.

By the end of 2024, SkyCity reports, the review’s findings will be submitted to the South Australian Liquor and Gambling Commissioner. It is possible, nevertheless, that this date will be extended. 

The assessment would look into SkyCity’s business practices to see if it was still eligible to hold a casino license. Due to infractions of its host responsibility rule, SkyCity’s casino license in New Zealand may also be temporarily suspended

The company has admitted to breaking New Zealand’s anti-money laundering and counterterrorism financing rules and was forced to pay four million dollars in fines.

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