skycity

SkyCity could be forced to cough up millions for alleged breaches of legislation on money laundering.

The Department of Internal Affairs is accusing SkyCity of violating the Anti-Money Laundering and Countering Financing of Terrorism Act, after a company review.

NZ Herald property editor Anne Gibson says SkyCity will be more concerned about the hits to their reputation, over a prospective fine.

"This is quite damaging to them, it's not so much about the fine- if there is one."

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SkyCity could be forced to cough up millions for alleged breaches of legislation on money laundering.

The Department of Internal Affairs is accusing SkyCity of violating the Anti-Money Laundering and Countering Financing of Terrorism Act, after a company review.

NZ Herald property editor Anne Gibson says SkyCity will be more concerned about the hits to their reputation, over a prospective fine.

"This is quite damaging to them, it's not so much about the fine- if there is one."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

A drop in share prices for Sky City - over the possibility its casino license could be suspended for up to 10 days.

The Department of Internal Affairs has applied for a temporary suspension from the Gambling Commission after it accused the operator of not complying with Host Responsibility rules.

Milford Asset Management's Jeremy Hutton says the stock price dropped 13 percent on Monday, prompting concerns.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

A drop in share prices for Sky City - over the possibility its casino license could be suspended for up to 10 days.

The Department of Internal Affairs has applied for a temporary suspension from the Gambling Commission after it accused the operator of not complying with Host Responsibility rules.

Milford Asset Management's Jeremy Hutton says the stock price dropped 13 percent on Monday, prompting concerns.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.