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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 […]
Business
April 17, 2024
SkyCity Entertainment Puts Jason Walbridge at the Helm
SkyCity Entertainment announced the official appointment of Jason Walbridge as the company’s new chief executive officer. The new hire will leverage over 20 years of experience to underpin the company’s growth amid regulatory trouble. As announced by SkyCity, Walbridge boasts an impressive track record and is currently sitting on the boards of several noteworthy companies. […]
Legal
February 12, 2024
SkyCity Risks Civil Proceedings Because of AML Failures in New Zealand
SkyCity Entertainment’s SkyCity Casino Management (SCML) brand has found itself in hot water in New Zealand as the local Department of Internal Affairs prepares to launch civil proceedings against the operator. The case is set to be filed in four days and stems from alleged AML violations. According to the department, the gambling company has […]
Casino
September 4, 2023
SkyCity May Have License Suspended in New Zealand
The suspension that SkyCity Entertainment Group is looking at has to do with an application by the Secretary of the Department of Internal Affairs, which specifically addresses a case from February 2022 and has to do with a complaint from a customer who gambled at the SkyCity Auckland property between August 2017 and February 2021. […]
Legal
August 14, 2023
SkyCity Sets Aside $29.2M for Upcoming AUSTRAC Penalty
Casino and hospitality company SkyCity Entertainment has set aside AUD 45 million (around USD 29.24 million, current conversion rates) for a potential penalty. The operator expects to be hit by a fine because of its recent anti-money laundering (AML) and combating the financing of terrorism (CTF) breaches. SkyCity admitted that it is currently available to […]
