SkyCity to pay $25.6m fine over its Adelaide casino
SkyCity agreed to pay a $25.6 million fine in three installments to settle Adelaide casino regulatory issues.Summary
SkyCity Entertainment has reached an in‑principle agreement with the South Australian regulator to settle all regulatory matters concerning its Adelaide Casino. Under the deal, SkyCity will pay a total fine of $25.6 million, to be made in three equal payments (noted in the text as (A)$7m each). The agreement follows a lengthy investigation by the Commissioner for Liquor and Gambling in South Australia. SkyCity’s CEO Jason Walbridge said the settlement reflects the company’s efforts to improve its compliance culture, strengthen governance, and rebuild trust with regulators, including the establishment of an independent Adelaide board and locally accountable leadership. He thanked the Commissioner’s office for its constructive engagement. Details of the settlement were disclosed in SkyCity’s market statement to the NZX.
(Source：Rnz Co Nz)