SkyCity Entertainment Group Limited: Legal Proceedings Update
SkyCity Entertainment Group Limited (ASX: SKC) announced, that it has received a notice of proceedings related to its online gaming operations. The case involves SkyCity Auckland Holdings Limited and Silvereeye Entertainment Limited, a third-party company licensed in Malta. The legal action aims to test the legality of SkyCity Online's operations, with an application for leave to bring a class action concerning the funds lost by SkyCity Online between February 2020 and February 2026. SkyCity has stated that it will actively defend the proceedings and denies any liability in this matter. This legal challenge may impact SkyCity’s online gaming activities and related financial matters. SkyCity is collaborating with its legal team to manage and resolve the issue.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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SkyCity Entertainment Group Limited: Legal Proceedings Update
SkyCity Entertainment Group Limited (ASX: SKC) announced, that it has received a notice of proceedings related to its online gaming operations. The case involves SkyCity Auckland Holdings Limited and Silvereeye Entertainment Limited, a third-party company licensed in Malta. The legal action aims to test the legality of SkyCity Online's operations, with an application for leave to bring a class action concerning the funds lost by SkyCity Online between February 2020 and February 2026. SkyCity has stated that it will actively defend the proceedings and denies any liability in this matter. This legal challenge may impact SkyCity’s online gaming activities and related financial matters. SkyCity is collaborating with its legal team to manage and resolve the issue.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au