Wednesday, April 24, 2024

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SkyCity Adelaide casino operator could face fines of up to $48M

Australian Consumer and Business Services Minister Andrea Michaels plans to introduce new legislation to Parliament next week, aiming to significantly raise maximum fines for Adelaide's casino operator from $100,000 to $75 million.

SkyCity Entertainment Group appoints Jason Walbridge as new CEO

New Zealand and Australian gaming operator SkyCity Entertainment Group has announced the appointment of former Aristocrat executive Jason Walbridge as the company’s new Chief Executive Officer.

SkyCity appoints interim Australian COO after resignation of David Christian

SkyCity Entertainment Group has appointed Avril Baynes as its Australia interim Chief Operating Officer (COO), following the resignation of long-time staffer David Christian.

SkyCity appoints new Chief Information Officer

New Zealand's SkyCity Entertainment Group Limited has announced the appointment of Andrew McPherson as Chief Information Officer, effective from March 18, 2024 pending all requisite regulatory approvals.

SkyCity to appoint interim COO: Brad Burnett

SkyCity has announced the appointment of an interim Chief Executive Officer for New Zealand, elevating Brad Burnett to the role, effective on March 9th.

SkyCity ruled to pay $8.6M in unpaid casino duty

The South Australian Court of Appeal has ordered that SkyCity Entertainment Group pay an additional casino duty of AU$13 million ($8.6 million).

SkyCity sees drops in profit and revenue in 1H24, despite uptick in Auckland property

New Zealand and Australian gaming operator SkyCity Entertainment Group has reported a yearly drop in both revenue and net profit for the six-month period ended December 31st, 2023.

SkyCity sets aside $48.4M as penalty for AML failures

New Zealand Casino operator SkyCity has come to an agreement with the Australian financial crimes watchdog and is preparing to pay a penalty of NZ$75 million ($46 million) plus costs.

SkyCity to pay $125 million due to Auckland car park concession dispute

New Zealand and Australian gaming operator SkyCity Entertainment Group announced it has reached a resolution agreement for its dispute with MPF Parking, concerning the concession agreement for a car park in Auckland.

SkyCity lowers estimates for FY24, as EGM revenue dropped and Adelaide contributions weakened

New Zealand and Australian gaming operator SkyCity Entertainment Group has announced that it’s expecting its normalized EBITDA for its fiscal 2024 to be effectively flat, reaching between NZ$290 million ($178.65 million) and NZ$310 million ($190.97 million).