An independent review into the operations of the SkyCity Adelaide Casino by retired Supreme Court Judge, the Hon Brian Martin AO KC, has found that SkyCity Adelaide is suitable to hold South Australia’s only casino licence.
The report, released by South Australia’s Liquor and Gambling Commissioner, found the Adelaide casino operator suitable despite detailing significant failings of SkyCity Adelaide’s casino management, found in both his and the investigations undertaken by financial regulator AUSTRAC (the Australian Transaction Reports and Analysis Centre). It also noted SkyCity Adelaide’s substantial commitment to addressing those failings.
Mr Martin said: “If I had been asked to determine the suitability of the licensee and SkyCity Entertainment Group at the end of October 2021, the inevitable answer would have been that neither were suitable. Since then, the situation has changed. The significance of past failures needs to be considered in the context of the licensee’s subsequent behavior, changes in personnel and the licensee’s current corporate culture and governance. I am satisfied that, today, the licensee is a suitable person to hold the license and operate the casino.”
SkyCity CEO Jason Walbridge said: ” We fully accept and acknowledge the findings of the Report that we did not measure up to the standards required, and we apologize for those failings. We further acknowledge Mr Martin’s findings and the Commissioner’s comments that we still have work to do. We remain committed to our B3 program and constructive engagement with all our regulators.
“We have made significant enhancements in terms of leadership, resourcing and systems, including a commitment to invest $60m over three years to transform our culture, to uplift our financial crime and host responsibility practices. Our team has worked hard to raise our standards, better meet our obligations and improve how we look after our customers”.
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An independent review into the operations of the SkyCity Adelaide Casino by retired Supreme Court Judge, the Hon Brian Martin AO KC, has found that SkyCity Adelaide is suitable to hold South Australia’s only casino licence. The report, released by South Australia’s Liquor and Gambling Commissioner, found the Adelaide casino operator suitable despite detailing significant…
The post SkyCity Adelaide found suitable to operate by Independent Panel appeared first on G3 Newswire.