News: APA UPDATE 1-SkyCity Entertainment taps Peter Fredricson as finance chief

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    July 16 (Reuters) - New Zealand's casino operator SkyCity Entertainment (SKC) on Tuesday appointed Peter Fredricson as its new chief financial officer.

    Fredricson is a former CFO of Australia's AMP (AMP) , and has also served as a finance chief in other Australia-listed companies such as APA Group (APA) .

    He will commence at his new job on Aug. 5, SkyCity said. Earlier in May, the company-operated Adelaide Casino said it would

    pay

    A$67 million ($45.29 million) penalty to resolve anti-money laundering cases brought against it.

    Last month, the troubled casino operator

    slashed

    its annual profit outlook, citing tough operating conditions while suspending dividends until fiscal 2026.

    On Monday, SkyCity said Jason Walbridge commenced his role as its chief executive officer, replacing interim CEO Callum Mallett. ($1 = 1.4795 Australian dollars)

 
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