Casino operator SkyCity Entertainment has agreed to pay a $67 million penalty to settle a money laundering case against its Adelaide casino.
SkyCity told the market this afternoon that it has reached an agreement with anti-money laundering regulator AUSTRAC to resolve the civil proceedings commenced back in December 2022, which were related to historical non-compliance by SkyCity Adelaide with the Australian anti-money laundering and counter-terrorism financing laws.
The deal is subject to Federal Court approval.
SkyCity executive chairman Julian Cook said he was pleased to have reached an agreement with the regulator.
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