Overview
- SkyCity told the NZX it has entered a non‑binding heads of agreement with South Australia’s gambling regulator to resolve findings from the Brian Martin review of the Adelaide casino.
- Coverage differs on the headline sum, with some reports saying the penalty is $21 million and others saying $24 million, and at least one report says the $21 million would be paid in three instalments.
- The settlement terms reported so far include stronger local governance measures such as an independent compliance auditor, a majority independent board for SkyCity Adelaide, and a locally accountable chief executive.
- South Australia’s Liquor and Gambling Commissioner described the measures as needed to correct longstanding failings in anti‑money laundering and harm‑minimisation obligations identified in the review.
- The deal follows a year‑old inquiry by retired judge Brian Martin and comes after earlier federal action that led to a separate AUSTRAC civil penalty; the agreement remains provisional until final binding documents are signed.