SkyCity Entertainment has said that the company is facing a funded class action lawsuit over its online gaming operation.
The company said in a statement Friday that it has received notice of proceedings against SkyCity and Silvereye Entertainment, a Malta-licensed subsidiary of Gaming Innovation Group that operates SkyCity’s online gaming business.
SkyCity said that the class action suit aims to test the legality of its online gaming operation in New Zealand.
New Zealand’s regulated online gaming market is expected to open in the first half of 2027, with up to 15 licences available for operators.
Operators that already serve the market will be expected to apply for a local licence in July and will be allowed to continue to operate in New Zealand until their licence applications are decided.
The identity of the firm behind the funded class action lawsuit is not known.
The suit aims to recover monies lost to SkyCity Online between February 2020 and February 2026.
SkyCity denies any liability and will actively defend the proceedings.
Shares in SkyCity Entertainment Group Ltd. (NZE:SKC) closed unchanged at NZ0.83 per share in Wellington Friday.