
SkyCity Faces Potential Lawsuit for Alleged Money Laundering Violations
SkyCity Casino Management (SCML) may face criminal proceedings initiated by the New Zealand Ministry of Home Affairs for alleged violations of money laundering laws. The lawsuit is set to be filed on February 16, with accusations that the operator has not adequately addressed money laundering schemes in its casinos.
If the High Court accepts and upholds the claim, SCML could be subject to fines, with the maximum penalty reaching 8 million New Zealand dollars ($4.9 million). SkyCity, which operates land-based casinos in Auckland, Hamilton, and Queensland (Australia), has pledged to investigate the government's claims and cooperate with authorities.
The lawsuit outlines five distinct offenses related to money laundering, and SkyCity has stated that it independently reported some incidents to authorities following an internal investigation. The company has been implementing measures to strengthen its anti-money laundering efforts since the end of 2021. SkyCity aims to work collaboratively with the Ministry of Internal Affairs to address any identified issues.
13 February 2024, 16:00
Casino and Games
Other news
Gambling adverts during football matches triple in UK
29 September 2024, 16:17
Merkur Group founder to step down as chairman after 67 years at the helm
29 September 2024, 09:22
Dutch players demand bookmakers refund their money
28 September 2024, 15:14
Flutter Enters Top 3 Largest Bookmakers in Brazil
28 September 2024, 10:08
DraftKings to Pay $200,000 Fine Over Social Media Post
27 September 2024, 15:41
Star Entertainment Group Reports Financial Downturn
27 September 2024, 10:54
Norfolk casino project approved by Architectural Review Board
26 September 2024, 14:37
Flutter Entertainment aims to triple profits
26 September 2024, 09:19
Five social casino ads banned in UK
25 September 2024, 10:27
Brazil's WA.Technology Acquires Onseo
24 September 2024, 17:24
ESPN Bet Could Launch in New York by Weekend
24 September 2024, 08:30
EveryMatrix Appoints Former Entain Employee as Product Director
23 September 2024, 17:03
Articles
Why will the Snaitech deal double Flutter's market share in Italy?
26 September 2024, 16:00
Hiring Talent from Different Industries: Why and How?
26 September 2024, 09:09
The Social Casino Phenomenon: Real Money and Databases for Bookmakers
20 September 2024, 17:18
Dividing the Peruvian Pie: Who Will Take Over the Market After the Regulatory Law?
20 September 2024, 14:10
Expert Opinion: Why Betting Can't Survive Without AI Analysis of Sports Data
13 September 2024, 11:00
Categories