SKC - Sky City

[Sideshow Bob]

One of the analysts on The Bull has SKC as a sell....even at $1.70 AUD

https://thebull.com.au/18-share-tips/22-april-2024/

On February 1, 2024, SKC announced it had revised its provision for a potential civil AUSTRAC penalty and associated legal costs from $A45 million on June 30, 2023, to $A73 million at December 31, 2023. The casino operator’s revised provision is an estimate of the potential exposure to penalties and legal costs. AUSTRAC filed civil penalty proceedings against SkyCity Adelaide, alleging contraventions under the Australian Anti-Money Laundering and Counter-Terrorism Financing Act. Reported revenue and profit from continuing operations fell marginally for the six months to December 31, 2023, when compared to the prior corresponding period.

[dubya]

$AU67 million fine

https://announcements.nzx.com/detail/431290