SkyCity Shows Concern Over Crown Resorts Investigation
Recently updated on January 17th, 2026
SkyCity Entertainment owns three casinos with two in New Zealand and one in Adelaide Australia. In the past days, there have been revelations that the big Australian casino operator, Crown Resort was involved with junket operators that are supported by powerful crime gangs. As a result, the Australian casino is under inquiry by law enforcement prompting a Crown Resorts Investigation.
SkyCity recorded a turnover of NZ$14.1b from international gamblers. Most of these players were coming from Asia into Australia through junket operators who are also knowns as tour companies. Graeme Stephens, Chief Executive at SkyCity, has raised concerns on the effects on the turnover as a result of the crackdown. He said that there is uncertainty with the high roller business because there is no clear indication of what is going to happen to the junkets.
There will be stricter rules that will affect the relationships between Australian casinos and junkets.
How SkyCity has Been Affected So Far
According to Rob Campbell, Chief Financial Officer, the volatility that affects high rollers is making the international gambling income the highest risk part of the business. On Wednesday, SkyCity’s shares dropped to 1.57% to $3.77, and the financial year results revealed a 14.7% drop in net profit.
However, the recorded drop was because the house winning rate was at 1%, which was lower than the 1.35% expected rate. The turnover from Adelaide has dropped by 42.3%. Graeme Stephens said that the company still has a steady growth in the international business. He pointed out the global business only contributes to 12% of SkyCity’s takings.
He also mentioned that they would have to turn away more people than they can take. Their internal process relates to meeting the customers’ needs, and they comply with their anti-money laundering processes.
Crown Resort’s Response to the Investigation
The Age, 60 Minutes and Sydney Morning Herald conducted the Crown Resorts investigation that revealed the casino operator’s involvement with junket operators that are backed by crime gangs. So far, the casino operator has defended itself from the allegations
Published by Taralynn
January 17, 2026
Categorie(s): Big Wins, Bonus Codes, High Payouts, Latest News, New Zealand, North Island, Promotions, South Island
About the Author
Taralynn Engels is a seasoned casino news writer with a passion for keeping her readers up-to-date with the latest happenings in the gambling industry. With over five years of professional writing experience, Taralynn has developed a deep understanding of the casino industry and a knack for delivering engaging and informative content.
Aside from her in-depth knowledge of the casino industry, Taralynn possesses excellent writing skills that allow her to craft captivating narratives that keep readers hooked until the last word. Her ability to simplify complex concepts and present them in an accessible manner guarantees that her articles are enjoyed by both seasoned casino enthusiasts and newcomers alike.
More Posts from Taralynn.
Related Posts
Published by Mark
April 14, 2026
Categorie(s): Latest News, New Zealand, North Island, South Island
Recently updated on April 14th, 2026A live Monopoly game is the latest brainchild of the ever-innovative Evolution Gaming, the premier live casino gaming provider. They made the announcement on the 11th of April. The unique Monopoly game is created in partnership with Hasbro, Inc. Evolution’s twist on a classic board game merges with their Dream […]
Published by Taralynn
April 5, 2026
Categorie(s): Big Wins, Latest News, New Zealand, North Island, South Island
Recently updated on April 5th, 2026While the 2020 license reviews in Macau may seem far away, casino operators are already planning new employee benefits. Wynn Macau will be one of the last firms to extend parental leave for employees. Local regulations call for at least 56 days of maternity leave and only two days for […]
Published by Taralynn
January 24, 2026
Categorie(s): Latest News, New Zealand, North Island, South Island
Recently updated on January 24th, 2026The Advertising Standards Authority (ASA) has suspended BetIndex Gambling adverts on Facebook for showing young football players. The ASA found a paid Facebook advert on Football Index on the 20th of May 2019 that promoted the gambling application. In the advert text, there was mention of Jadon Sancho, a young […]
Published by Taralynn
March 7, 2026
Categorie(s): Big Wins, Bonus Codes, High Payouts, Latest News, New Zealand, North Island, Promotions, South Island
Recently updated on March 7th, 2026Most Kiwi players would expect to at least double their money with a Royal Flush side bet at a poker table. One lucky SkyCity player, however, turned NZ$35 into NZ$1.1 million with a progressive jackpot hand. The woman, who has chosen to remain anonymous, won on a single hand of […]
Published by Taralynn
February 27, 2026
Categorie(s): Big Wins, Latest News, New Zealand, North Island, South Island
Recently updated on February 27th, 2026While other international casino operators are hedging their bets, Melco Resorts & Entertainment are forging ahead with their expansion plans. The Hong Kong-based gaming firm has a firm hold on the biggest gambling hubs in the world. This includes resorts in Macau, the Philippines and now, Europe. Despite some growing […]
