SkyCity Entertainment Group in New Zealand has announced that Jason Walbridge has begun his tenure as the company’s new CEO.
Walbridge, who takes over from former CEO Michael Ahearne, brings with him 18 years of industry experience from his previous roles at Aristocrat Leisure Ltd and Light & Wonder.
Walbridge’s top priority will be stabilizing SkyCity’s operations. In response to economic and regulatory challenges, the company has decided to suspend dividend payments for the remainder of 2024 and all of 2025 to protect its financial stability.
Meanwhile, SkyCity’s Australian casino, SkyCity Adelaide, is in the process of recovering after agreeing to pay approximately $45.5 million to settle compliance issues with AUSTRAC related to anti-money laundering regulations.
The company also announced several executive changes. Callum Mallet, who served as interim CEO, will return to his former position as Chief Operating Officer in New Zealand starting July 15th. Julian Cook will be leaving his executive role, and Brad Burnett will move from Interim Chief Operating Officer in New Zealand to General Manager of Gaming Auckland.
