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Business
August 20, 2025
SkyCity Requests Trading Halt Ahead of FY 2025 Report & Capital Raise
SkyCity Entertainment Group Limited, a major tourism, leisure and entertainment company in New Zealand and Australia, has requested a trading halt ahead of its next financial report. The company noted that the halt will allow it to wrap up the details of a potential capital raise. SkyCity Wants to Maintain an Orderly Market In its […]
Industry
August 12, 2025
SkyCity Cleared to Keep Casino License in South Australia After Investigation
SkyCity Entertainment has been found suitable to maintain its casino license in South Australia after a thorough independent investigation. The ruling follows earlier concerns about the company’s compliance with anti-money laundering laws and its general management practices. SkyCity Cleared for Operation Led by retired Supreme Court judge Brian Martin, the inquiry recognized the substantial progress […]
Casino
July 24, 2025
SkyCity Goes Ahead with Carded Play to Boost RG
SkyCity Entertainment Group has introduced a mandatory card game, the company’s latest step in attempting to limit the possibility of reckless gambling, as well as tighten its safeguards around money laundering. Carded Play Meant to Bolster Consumer Protections in NZ While carded play has been resisted by many industry operators globally, SkyCity has chosen to […]
Legal
July 7, 2025
Former SkyCity Executives Sued Over AUSTRAC Penalty
Eight former senior executives of SkyCity Entertainment Group are being sued by a shareholder seeking to recover the AU$67 million ($43.56 million USD) penalty the casino operator paid for failing anti-money laundering obligations. SkyCity Execs Sued Over AUSTRAC Fine Stephen Wright, the shareholder pursuing the legal action, has filed an application with the New South […]
Casino
May 12, 2025
Chinese Tycoon Reaches Deal in Multi-Million Dollar Casino Fight
A big legal fight between Hong Kong businessman Linong Ma and SkyCity Adelaide has ended, wrapping up six years of court battles over millions in disputed casino winnings. The case also involved two junket operators, with one found liable by default because they did not show up in court. Chinese High Roller Alleges Casino and […]
Industry
February 3, 2025
SkyCity Auckland Expansion Plan Sparks Backlash
SkyCity’s plan to construct an expansive outdoor smoking deck at its Auckland casino has come under scrutiny from public health groups and gambling harm advocates. The controversial project will allow more clients to gamble and smoke at the same time, raising alarms about its health and social impacts. Such a move also threatens to further […]
Business
July 16, 2024
SkyCity’s New CEO Steps into the Office, New CFO Named
SkyCity Entertainment Group announced on July 15 that its newly designated chief executive officer has stepped into the office. Jason Walbridge, who was selected as the next CEO in April, succeeded Julian Cook, who transferred to a directorial role. In the meantime, Callum Mallett stepped down from the role of interim chief executive officer. Mallet […]
Business
June 26, 2024
Juroszek Family Purchases SkyCity’s Stake in GiG
The Juroszek family, a group of influential Polish investors, has increased its shareholding in Gaming Innovation Group (GiG), a leading iGaming provider and affiliate. As of Monday, June 24, the family held 25.06% of the business. The larger part of this increased shareholding was purchased from SkyCity Holdings, which sold its 10% to the Polish […]
Industry
June 7, 2024
SkyCity Adelaide to Pay $67 Million Money Laundering Fine
A landmark ruling by the Federal Court of Australia ordered SkyCity Adelaide to pay an AU$67 million ($44.1 million) fine for substantial breaches of anti-money laundering (AML) and counter-terrorism financing (CTF) laws, which occurred at its North Terrace casino. The venue reportedly failed to comply with legislative requirements and lacked crucial customer due diligence safeguards. […]
Industry
May 17, 2024
AUSTRAC and SkyCity Adelaide Agree to $67M Penalty Proposal
Gaming and entertainment company that provides sports, amusement, and recreation services, SkyCity Adelaide Pty Ltd (SkyCity), and the Australian Transaction Reports and Analysis Centre (AUSTRAC) have filed joint submissions with the Federal Court of Australia. Their proposed AU$67 million penalty mentioned in the joint submissions was deemed appropriate in the context of the casino’s contravention of […]
