* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, September 21, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Fox News Entertainment Newsletter: Kate Middleton stuns during Trump state visit, Brett James dead at 57 – Fox News

    Kate Middleton Stuns During Trump State Visit; Remembering Brett James at 57

    Lara Beitz to headline Oshkosh show with top comedians at Time Community Theater Sept. 27 – Yahoo

    Lara Beitz to Headline Star-Studded Oshkosh Comedy Night on September 27

    Shakespeare (with a twist) in Grand Junction – Yahoo

    Experience Shakespeare Like Never Before in Grand Junction

    Congress Bill Spotlight: Make Entertainment Great Again (MEGA) Act, Renaming Kennedy Center to Trump Center – The Fulcrum

    Congress Proposes MEGA Act to Rename Kennedy Center as Trump Center and Revitalize Entertainment

    Massive Attack Say They’ll Remove Music From Spotify – yahoo.com

    Massive Attack Announces Plans to Pull Their Music from Spotify

    REO to return for UI homecoming – The News-Gazette

    REO Gears Up to Ignite the Stage at UI Homecoming Celebration!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Analysts Offer Insights on Technology Companies: Avnet (AVT), Nvidia (NVDA) and Atlassian (TEAM) – The Globe and Mail

    Experts Share Key Insights on Avnet, Nvidia, and Atlassian’s Future Prospects

    Top Technology Executives Recognized at the 2025 Carolina CIO ORBIE Awards – Yahoo Finance

    Celebrating Excellence: Top Technology Executives Honored at the 2025 Carolina CIO ORBIE Awards

    Gesture-Control Wearables Redefine Human-Technology Interaction – Yahoo Finance

    Gesture-Control Wearables Are Revolutionizing How We Interact with Technology

    Huawei Unveils New AI Chip Tech to Challenge Nvidia’s Lead – Bloomberg.com

    Huawei Unveils New AI Chip Tech to Challenge Nvidia’s Lead – Bloomberg.com

    China says US TikTok deal a ‘win-win’, will review app’s technology and IP transfers – Reuters

    China Hails US TikTok Deal as a ‘Win-Win’ While Launching Review of App’s Technology and IP Transfers

    Bucking the Odds: Why Technology Companies Should Embrace Software Patents Today – Crowell & Moring LLP

    Bucking the Odds: Why Technology Companies Should Embrace Software Patents Today – Crowell & Moring LLP

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Fox News Entertainment Newsletter: Kate Middleton stuns during Trump state visit, Brett James dead at 57 – Fox News

    Kate Middleton Stuns During Trump State Visit; Remembering Brett James at 57

    Lara Beitz to headline Oshkosh show with top comedians at Time Community Theater Sept. 27 – Yahoo

    Lara Beitz to Headline Star-Studded Oshkosh Comedy Night on September 27

    Shakespeare (with a twist) in Grand Junction – Yahoo

    Experience Shakespeare Like Never Before in Grand Junction

    Congress Bill Spotlight: Make Entertainment Great Again (MEGA) Act, Renaming Kennedy Center to Trump Center – The Fulcrum

    Congress Proposes MEGA Act to Rename Kennedy Center as Trump Center and Revitalize Entertainment

    Massive Attack Say They’ll Remove Music From Spotify – yahoo.com

    Massive Attack Announces Plans to Pull Their Music from Spotify

    REO to return for UI homecoming – The News-Gazette

    REO Gears Up to Ignite the Stage at UI Homecoming Celebration!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Analysts Offer Insights on Technology Companies: Avnet (AVT), Nvidia (NVDA) and Atlassian (TEAM) – The Globe and Mail

    Experts Share Key Insights on Avnet, Nvidia, and Atlassian’s Future Prospects

    Top Technology Executives Recognized at the 2025 Carolina CIO ORBIE Awards – Yahoo Finance

    Celebrating Excellence: Top Technology Executives Honored at the 2025 Carolina CIO ORBIE Awards

    Gesture-Control Wearables Redefine Human-Technology Interaction – Yahoo Finance

    Gesture-Control Wearables Are Revolutionizing How We Interact with Technology

    Huawei Unveils New AI Chip Tech to Challenge Nvidia’s Lead – Bloomberg.com

    Huawei Unveils New AI Chip Tech to Challenge Nvidia’s Lead – Bloomberg.com

    China says US TikTok deal a ‘win-win’, will review app’s technology and IP transfers – Reuters

    China Hails US TikTok Deal as a ‘Win-Win’ While Launching Review of App’s Technology and IP Transfers

    Bucking the Odds: Why Technology Companies Should Embrace Software Patents Today – Crowell & Moring LLP

    Bucking the Odds: Why Technology Companies Should Embrace Software Patents Today – Crowell & Moring LLP

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

SkyCity ordered to pay A$13m in unpaid casino duty

February 22, 2024
in Business
SkyCity ordered to pay A$13m in unpaid casino duty
Share on FacebookShare on Twitter

Navigation for News Categories

Sky city in Auckland CBD.

SkyCity estimates it will have to pay additional casino duty of about A$13m as a result of the ruling.
Photo: RNZ / Marika Khabazi

Another day, another regulatory headache for SkyCity.

The South Australian Court of Appeal ruled the casino company must pay A$13 million (NZ$13.8m) in unpaid casino duty, over a long-standing dispute between the company and the treasurer of South Australia.

The matter related to differing interpretations of a 1999 agreement on the tax covering loyalty points used and earned on gaming machines at Sky’s Adelaide casino.

The court ruled in favour of the treasurer, finding that credits on gaming machines, resulting from loyalty points, must be included in gaming revenue when calculating casino duty.

It also found that loyalty points earned by customers on gaming machines, must not be deducted from gaming revenue.

As a result, SkyCity estimated it would have to pay additional casino duty of about A$13m to cover the treatment of loyalty points between January 2014 and January 2024.

However, the court also ruled in favour of SkyCity’s position that an interest penalty should not be enforced.

The company said that matter would be decided by a single judge of the Supreme Court at a later date.

If the Supreme Court ruled in favour of the Treasurer, relating to the penalty interest payments, SkyCity estimated it may need to pay A$20m in penalty interest.

Impact on earnings

SkyCity said the Court of Appeal’s ruling meant it would have a A$2m hit to its underlying earnings in the 2024 financial year ending in June, with the A$13m payment included as a one-off cost.

It said the additional A$2m was likely to be the ongoing duty that SkyCity Adelaide would have to pay.

Despite the additional costs, SkyCity said its full year profit guidance was unchanged at between $125m and $135m, while underlying profit for the full year would likely be between $290m and $390m.

Myriad of regulatory and compliance issues

It was the latest regulatory headache for SkyCity.

SkyCity has set aside provisions to pay a civil penalty and associated legal costs of about $79m in respect of money laundering breaches in Australia, and is also expected to pay up to $8m New Zealand authorities over similar breaches.

SkyCity remained under investigation regarding its Adelaide casino licence and host responsibilities at the Auckland casino.

Speaking earlier in the day, the company’s outgoing chief executive, Michael Ahearne, told RNZ the company had set aside money for any compliance issues that may arise.

“We’ve made provisions for any such penalties which are an estimation of any potential penalties that we may have,” he said.

Get the RNZ app

for ad-free news and current affairs

Download from Apple App Store
Download from Google Play Store

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : RNZ – https://www.rnz.co.nz/news/business/509887/skycity-ordered-to-pay-a-13m-in-unpaid-casino-duty

Tags: businessorderedSkyCity
Previous Post

Genesis Energy half-year profit falls 73 percent

Next Post

Fare hikes hit Air New Zealand domestic routes

Noah Lyles is king again after storming to another 200m world championship crown – ESPN

Noah Lyles Reigns Supreme with Another Stunning 200m World Championship Victory

September 21, 2025
Ian Bremmer: Russian economy would ‘collapse’ if oil purchases stopped – Fox Business

Ian Bremmer Warns: Russian Economy Faces Potential Collapse Without Oil Revenue

September 21, 2025
Fox News Entertainment Newsletter: Kate Middleton stuns during Trump state visit, Brett James dead at 57 – Fox News

Kate Middleton Stuns During Trump State Visit; Remembering Brett James at 57

September 21, 2025
Josh Shapiro says Harris is ‘going to have to answer’ for why she never raised concerns over Biden’s health – Fox News

Josh Shapiro Urgently Calls on Harris to Explain Silence Over Biden’s Health Questions

September 21, 2025

Minnehaha Republicans grapple with political divide while mourning Charlie Kirk – Argus Leader

September 21, 2025

Physicists Propose a ‘Neutrino Laser’ Straight Out of Science Fiction – ScienceAlert

September 20, 2025
Petrichor, the Smell of Rain, Has A Lot of Science Behind It – Discover Magazine

Petrichor, the Smell of Rain, Has A Lot of Science Behind It – Discover Magazine

September 20, 2025
Equity Lifestyle Properties, Inc. (NYSE:ELS) Receives Average Rating of “Moderate Buy” from Brokerages – MarketBeat

Equity Lifestyle Properties Earns “Moderate Buy” Consensus from Top Brokerages

September 20, 2025
Analysts Offer Insights on Technology Companies: Avnet (AVT), Nvidia (NVDA) and Atlassian (TEAM) – The Globe and Mail

Experts Share Key Insights on Avnet, Nvidia, and Atlassian’s Future Prospects

September 20, 2025
Cincinnati Reds star Elly De La Cruz breaking out just in time? – Yahoo Sports

Is Cincinnati Reds Star Elly De La Cruz Poised for a Breakout?

September 20, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (828)
  • Economy (849)
  • Entertainment (21,728)
  • General (17,150)
  • Health (9,892)
  • Lifestyle (861)
  • News (22,149)
  • People (852)
  • Politics (859)
  • Science (16,059)
  • Sports (21,348)
  • Technology (15,831)
  • World (833)

Recent News

Noah Lyles is king again after storming to another 200m world championship crown – ESPN

Noah Lyles Reigns Supreme with Another Stunning 200m World Championship Victory

September 21, 2025
Ian Bremmer: Russian economy would ‘collapse’ if oil purchases stopped – Fox Business

Ian Bremmer Warns: Russian Economy Faces Potential Collapse Without Oil Revenue

September 21, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version