A SkyCity shareholder is seeking leave to launch a case against former executives and directors for their alleged role in the mismanagement of the casino’s money laundering risk, which last year resulted in a $67 million penalty.
SkyCity has agreed to settle its dispute with the Treasurer of South Australia over the treatment of electronic gaming credits after losing its High Court challenge in October.
In a loss for Sky City Adelaide, the High Court has affirmed that electronic gaming credits should be taxed as revenue. putting it on the hook for an additional casino duty of $13.1 million.
The High Court has agreed to take up a dispute between SkyCity Adelaide and South Australia’s treasurer over the tax treatment of reward points that gamblers convert to gaming chips.