ASX Announcements
NOTIFICATION OF CEASING OF A SUBSTANTIAL HOLDING
Ceasing to be a substantial holder
- May 3, 2024
- 6 pages
Market Sensitive
APPOINTMENT OF CHIEF EXECUTIVE OFFICER
Company Administration - Other
- Apr 17, 2024
- 2 pages
Today
SkyCity agrees to $67 million AUSTRAC penalty for breaking the law
The AUSTRAC matter was based on allegations the company allowed high-risk patrons to gamble more than $4 billion in dirty cash through its Adelaide casino.
- 20 mins ago
- Zoe Samios
April
Another casino operator is in trouble. Nobody is talking about it
Star Entertainment has been tearing itself apart. But SkyCity is also in a world of pain, with lenders sceptical, money tight and management in disarray.
- Zoe Samios
March
Bet365 under investigation by AUSTRAC
The decision to investigate comes more than a year after AUSTRAC announced an independent audit of the bookmaker’s operations.
- Zoe Samios
December 2023
- Exclusive
- AUSTRAC crackdown
AUSTRAC to crack down on digital services in 2024
Digital currency exchanges, payment platforms, bullion and non-bank lenders will all be put under the AUSTRAC microscope in 2024.
- Ronald Mizen
SkyCity pays Macquarie $188m to settle car-park fire stoush
The company, which is facing regulatory action over anti-money-laundering failures, agreed to sell the concession in Auckland to the investment giant in 2019.
- Zoe Samios
November 2023
SkyCity wins battle over burnt car park value
SkyCity has won a case in the High Court of New Zealand over the value of a fire-damaged car park at its flagship Auckland casino.
- Zoe Samios
October 2023
SkyCity chief executive Michael Ahearne resigns
Julian Cook, chairman of SkyCity, said Mr Ahearne had led the business through a “complex and demanding period”.
- Zoe Samios
September 2023
SkyCity shares dive on New Zealand casino licence suspension threat
The temporary loss of its gaming licence at Auckland, Hamilton and Queenstown could deliver a major earnings hit to the ASX-listed wagering group.
- Zoe Samios
August 2023
SkyCity puts aside $45m for potential AUSTRAC penalty
SkyCity told investors estimating potential exposure to penalties was “challenging”.
- Zoe Samios
July 2023
What’s a burnt carpark worth? Depends if you ask KPMG or Deloitte
The price of SkyCity’s New Zealand carpark, which was damaged in a 2019 fire, is disputed to the tune of $NZ50 million.
- Zoe Samios
June 2023
SkyCity discount ‘unwarranted’, says Tyndall’s Tim Johnston
The small cap manager on Bain’s offer for Estia, why Strandline is the cheapest stock in his fund, and a possible takeover target in outdoor media.
- Joanne Tran
May 2023
SkyCity to conduct independent review of money laundering programs
The former Supreme Court judge commissioned to investigate SkyCity’s operations has requested the company hire an independent expert to review its programs.
- Zoe Samios
SkyCity takes Macquarie to court over car park dispute
The dispute over a deal to own and operate car parks is unlikely to be resolved this financial year.
- Zoe Samios
- Exclusive
- Gaming & wagering
AUSTRAC’s case against Crown Resorts nears sharp end
Sources expect Federal Court judge Michael Lee to define the timeline for AUSTRAC’s prosecution of Crown at a hearing on Friday.
- Elouise Fowler
April 2023
SkyCity compo talks with Macquarie stall, slide toward court action
The casino group has been negotiating how much to repay after a major fire at its Auckland casino scuttled a $200 million agreement to offload its car parks.
- Sarah Thompson, Kanika Sood and Emma Rapaport
March 2023
Westpac sticks with Kiwi bourse’s dumped chairman
As if Westpac didn’t have enough money-laundering headaches of its own.
- Myriam Robin
December 2022
AUSTRAC sues SkyCity, alleges patrons churned $4b in dirty cash through casino
The financial crime watchdog is suing the casino operator for laundering dirty money.
- Elouise Fowler
October 2022
Macquarie to pull pin on SkyCity carpark deal
Macquarie Group’s expected to hit reverse on a $NZ220 million long-term deal to own and operate the car parks at SkyCity Entertainment Group’s flagship casino in Auckland.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
February 2022
All the profit results for February 14, 2022
Results briefing | News and analysis on today’s profit results from Aurizon, Beach, Bendigo & Adelaide Bank, Boral, Carsales, GPT, JB Hi-Fi, Keypath and Praemium. Find updated reports and analysis here.
- Andrew Hobbs
September 2021
Fund managers reveal their top reopening tips
Leisure-starved consumers overseas are unleashing the mother of all booms on entertainment-related services, driving share prices higher and local fund managers believe Australia will follow international trends.
- Tony Featherstone
