SkyCity Asked to Pay NZ$4 Million on 'Historic' Breaches of Anti-Money Laundering Act

MT Newswires Live09-26

The High Court of New Zealand asked Skycity Entertainment Group's (ASX:SKC, NZE:SKC) SkyCity Casino Management to pay NZ$4.2 million in civil penalty for "historic" breaches of anti-money laundering and counter-terrorism financing act, according to a Thursday filing with the New Zealand bourse.

The penalty must be settled within 15 working days.

The casino operator's shares closed nearly 6% higher in New Zealand on Thursday and were up almost 4% in recent trade in Australia.

Price (AUD): $1.31, Change: $+0.050, Percent Change: +3.98%

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