Why it matters: AUSTRAC is suing SkyCity for alleged breaches of anti-money laundering laws.
SkyCity, which owns the Adelaide casino, has provisioned $45 million for a fine.
SkyCity has also written down the Adelaide casino by $45.6 million.
SkyCity Entertainment set aside $45 million for a penalty if it is convicted of breaches of anti-money laundering and counterterrorism laws.
The financial crimes watchdog, AUSTRAC, lodged proceedings against SkyCity in December over alleged serious and systemic non-compliance with the laws at its Adelaide casino.
