SkyCity ordered to pay $67 million in money laundering case

The operator of Adelaide’s casino has been ordered to pay a $67 million dollar fine as part of a money laundering case.

Transcript

00:00The order has been handed down today by the Federal Court and it's instructing Adelaide

00:06Sky City to pay $67 million due to money laundering.

00:09Now the casino was found to have failed in its requirements under anti-money and counterterrorism

00:17laws.

00:18There were allegations of organised crime, loan sharking, human trafficking, sex slavery

00:24revealed in court documents.

00:26Now Sky City had already put aside more than $70 million to cover the penalty and has been

00:31ordered to pay $3 million in costs.

00:34The casino's activity also pushed the South Australian State Government to review its

00:38gambling operation penalties after this civil proceeding was launched back in December of

00:432022.

00:45The State Government introduced heftier penalties for casinos and that included increasing the

00:50fines from $100,000 to $75 million.

00:56For more information visit www.fema.gov.au