SkyCity's NZ share price plunges, casino licences could be suspended
The government department in charge of regulating SkyCity Entertainment Group’s casino licences has applied to suspend those at all three New Zealand venue
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The government department in charge of regulating SkyCity Entertainment Group’s casino licences has applied to suspend those at all three New Zealand venue
Just when the business was “getting some momentum, these legacy issues [flared] up".
SkyCity could be forced to shut three New Zealand casinos for 10 days after breaching duty of care rules, while SkyCity Adelaide's casino is the subject of a federal money-laundering inquiry.
New Zealand's Secretary of the Department of Internal Affairs has applied to suspend SkyCity's casino licence for an estimated 10 days.
Unprecedented move after former customer complained about casino giant.