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07-06-2021, 04:22 PM
#1091
@MarkListerNZ
SkyCity shares down 8.5% in Australian trade today, on the back of a range of companies finding themselves in the spotlight for AML compliance issues. Expect a similar fall when our market reopens for the week tomorrow.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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07-06-2021, 04:24 PM
#1092
If SKC share price collapses tomorrow could be a good buy
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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07-06-2021, 04:27 PM
#1093
Reported in SMH
Meanwhile New Zealand group SkyCity said AUSTRAC had launched an enforcement investigation into its operations, relating to a potential failure to conduct proper due diligence on high-risk and politically exposed patrons at its Adelaide casino.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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07-06-2021, 04:28 PM
#1094
Member
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07-06-2021, 04:44 PM
#1095
Somebody dumped 1.5 million shares a few minutes ago on ASX
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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07-06-2021, 05:36 PM
#1096
 Originally Posted by Rowdy Flat
Nope, they're not. At issue is, “potential serious noncompliance” of anti-money laundering laws. This is a procedural / processes failure; Austrac have not tabled any actual incidence of money laundering at Sky Adelaide.
nope this is very serious , all casino's in aus under investigation for crime , money laundering. sky city share price could be savaged if found to be allowing this. covid lows ? place your bets
one step ahead of the herd
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07-06-2021, 06:10 PM
#1097
Originally Posted by bull....
nope this is very serious , all casino's in aus under investigation for crime , money laundering. sky city share price could be savaged if found to be allowing this. covid lows ? place your bets
Their recent announcement about “permanently ceasing dealing with all junket operators, effective immediately” didnt read that well at the time.
Operating International Business Division under a new operating model ...hmmm
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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07-06-2021, 06:29 PM
#1098
I have personally witnessed heavy hitters laying down one strap after another after another after another on the main gaming floor at Sky City Auckland and nobody in authority batted an eyelid. A strap is 100, 100 dollar notes. One strap is $10,000. A brick is 40 straps. i.e. a brick is $400,000. I suspect a lot of bricks get "washed" upstairs in the high rollers room which is closed to the general public. My father always used to call these places dens of iniquity. I find it difficult to believe that many straps and bricks of money come from legitimate sources of revenue...
A real "SIN" stock. One to definitely avoid if you value your soul, in my opinion. Where there's smoke there's usually fire and in SKC's case that's been more than just a metaphor, Karma ?
Last edited by Beagle; 07-06-2021 at 06:41 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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08-06-2021, 08:20 AM
#1099
Two South Australian MPs have called for a royal commission into the operations of the Adelaide casino
https://www.abc.net.au/news/2021-06-...sino/100195002
one step ahead of the herd
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08-06-2021, 08:31 AM
#1100
Originally Posted by bull....
SKC announcement a month or so ago was pretty close to an admission that things were not all well
New management will blame old management
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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