Brief: Skycity Entertainment Says Skycity Adelaide Reached Agreement With AUSTRAC

Skycity Entertainment

17/05/2024 06:05

May 17 (Reuters) - Skycity Entertainment Group Ltd
 SKC.NZ :
    * SKYCITY ADELAIDE REACHED AN AGREEMENT WITH AUSTRALIAN
TRANSACTION REPORTS AND ANALYSIS CENTRE
    * AGREEMENT IS SUBJECT TO FEDERAL COURT APPROVAL
    * AGREEMENT TO RESOLVE CIVIL PENALTY PROCEEDINGS COMMENCED
IN DEC
2022
    * FEDERAL COURT HAS LISTED PROCEEDINGS FOR A PENALTY HEARING
ON 7
JUNE
    * UNDER DEAL, SKYCITY ADELAIDE & AUSTRAC PROPOSED TO FEDERAL
COURT
THAT SKYCITY ADELAIDE PAY PENALTY OF A$67 MILLION

Further company coverage:  SKC.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))