Episode Details

SkyCity’s Adelaide casino is reeling from a 37% plunge in profits, hitting just $15.1 million — a stark drop of over $10 million from last year — even as overall revenue rose 6.5%. The downturn follows a brutal June fine of $21 million for failing anti-money laundering and counter-terrorism duties, with the judge calling their culture “poor and inadequate.” Despite keeping their license, SkyCity is now launching a new internal review and will pay the fine in three installments over two years. CEO admits tough conditions, especially near year-end, and has scrapped next-year profit forecasts due to economic uncertainty — yet shares edged up in early trading.

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