SkyCity Entertainment Group in New Zealand has announced the commencement of Jason Walbridge as its new CEO. Walbridge, who succeeded former CEO Michael Ahearne, brings extensive industry experience from his 18 years at Aristocrat Leisure Ltd and his time at Light & Wonder.
Walbridge’s immediate focus will be on stabilizing SkyCity’s operations. The company recently decided to halt dividend payments for the rest of 2024 and all of 2025 to safeguard its financial health amid economic and regulatory challenges.
In addition, SkyCity’s Australian casino, SkyCity Adelaide, is working to recover after agreeing to pay around USD 45.5 million to settle with AUSTRAC for previous compliance issues related to anti-money laundering regulations.
The company also revealed several executive changes. Callum Mallet, who served as interim CEO, will return to his previous role as Chief Operating Officer in New Zealand starting July 15. Julian Cook will exit his executive position, and Brad Burnett will transition from Interim Chief Operating Officer in New Zealand to General Manager of Gaming Auckland.
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