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Investment
2 mins to read

SkyCity books $99m charges over Adelaide AML compliance

Casino operator makes $49m provision for regulatory penalties, writes down value of Australian business.

SkyCity's Adelaide casino.

NBR Staff Mon, 14 Aug 2023

Casino operator SkyCity has booked a $49 million provision for a potential Australian regulatory penalty following allegations of money laundering failures at its Adelaide casino.

The company also booked a $49.7m impairment charge on the value of its Adelaide casino business.

Australian financial

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NBR Staff Mon, 14 Aug 2023
Contact the Writer: editor@nbr.co.nz
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