SKC - FEDERAL COURT APPROVES AGREEMENT WITH AUSTRAC

SkyCity Entertainment Group Limited (SkyCity) advises that the Federal Court has today approved the agreement reached by SkyCity Adelaide Pty Limited (SkyCity Adelaide), the operator of the SkyCity Adelaide casino, and the Australian Transaction Reports and Analysis Centre (AUSTRAC) to resolve the civil penalty proceedings commenced by AUSTRAC in December 2022.

As previously announced, SkyCity Adelaide will pay a civil penalty of A$67 million in relation to admitted historical contraventions of the Australian Anti-Money Laundering and Counter-Terrorism Financing Act 2006 Act and Rules during the period from 7 December 2016 to 14 December 2022.

The Statement of Agreed Facts and Admissions will be made available at www.austrac.gov.au/lists-enforcement-actions-taken.

ENDS

• Cover Letter 
• Market Update

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

CHI - NZD/AUD FX rate for HY26 dividend
SEK - Seeka Increases Forecast Full Year Earnings Guidance
ATM - 2026 Annual Meeting - Closing Date for Director Nominations
IFT - Data centre demand drives growth and guidance increase
BGP - Half Year Results to 26 July 2026
September 16th Morning Report
DOW - Retirement of Non-executive Director
FWL - Foley Wines Limited (FWL) Director Retirement
MEL - Meridian Energy monthly operating report for August 2026
BIT - Net Asset Values as at 11 September 2026