SkyCity Entertainment Group Limited and its subsidiary SkyCity Adelaide Pty Limited have agreed to pay a total fine of AU$21 million ($14.7 million) and accept enhanced governance and compliance commitments to fully resolve outstanding regulatory matters in South Australia.
The casino operator disclosed the settlement in a filing lodged with the Australian Securities Exchange (ASX) on June 19th, 2026.
SkyCity said it had entered into a non-binding heads of agreement with the Commissioner for Liquor and Gambling in South Australia to settle all matters arising from an Independent Review and the findings of the Brian Martin Report.
The fine will be paid in three equal installments of AU$7 million ($4.9 million) each. The first is due within 28 days of a binding tripartite settlement deed, the second within one year of the first installment, and the third within two years.
SkyCity CEO Jason Walbridge said the deal marked a turning point for the company. “Reaching this in-principle agreement is an important step for SkyCity and reflects the significant work our team has done over the past 4 years to transform our compliance culture, strengthen our governance, and earn back the trust of our regulators,” he said.
The agreement also requires structural changes at the Adelaide Casino. By January 1st, 2028, the SkyCity Adelaide Board must comprise a majority of non-executive directors, including the chair, who are independent of SkyCity Entertainment Group. A SkyCity Adelaide CEO will be appointed to report to the local board, with a dotted reporting line to the group CEO.
Other commitments include phasing out cash for transactions over AU$4,999 ($3,496), a prohibition on junkets — an activity SkyCity ceased in April 2021 — and the appointment of an independent compliance auditor to report annually. That obligation will apply 12 months after completion of the B3 Program, a three-year compliance transformation program expected to be completed by June 2027.
The Commissioner will also be granted powers to issue legally binding directions to SkyCity. The parties expect to finalize a binding tripartite settlement deed shortly.
