The operator of the Adelaide Casino says it has put aside $45 million to cover a potential civil penalty from an anti-money laundering case in the Federal Court.

In a statement to the stock exchange, SkyCity said the casino’s operating licence had also been “impaired” by a further $45.6 million.

The Australian Transaction Reports and Analysis Centre (AUSTRAC) launched Federal Court action against SkyCity in December, alleging systemic non-compliance with anti-money laundering and counter terrorism financing laws.

In the statement, SkyCity said there was “considerable uncertainty” about what any court penalty might be and that it could be significantly higher or lower than the $45 million it had set aside.

It said the court case was still at an early stage and it was working with AUSTRAC to agree on facts and potential admissions.

More to come.