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Investment
2 mins to read

More pain for SkyCity Adelaide as it loses appeal on casino duty

The company has made provision for losing the appeal, but not for potential interest charges.

SkyCity has written down the value of its Adelaide Casino by A$45.6m.

Lachlan Colquhoun Wed, 16 Oct 2024

SkyCity Entertainment will pay an additional A$10.8m ($11.9m) in casino duty after losing an appeal to the High Court of Australia over the treatment of loyalty points at its Adelaide casino. It also faces a further judgment, which could see it pay up to A$25.3m in interest.

The NZX-listed casino

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Lachlan Colquhoun Wed, 16 Oct 2024
Contact the Writer: lachlan@nbr.co.nz
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Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
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Mandatory carded play a $20m hit to SkyCity, analyst says

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More pain for SkyCity Adelaide as it loses appeal on casino duty
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