Wednesday, March 29, 2023

Tag: Aquis

ACT rejects Aquis’ Canberra Casino expansion plans

ACT, Aquis, Canberra, Casino, expansion
Following 17 months of uncertainty, the government of the Australian Capital Territory confirmed it has decided not to sign off on Aquis Entertainment Group’s proposal for a AU$330m ($236.8m) redevelopment of Canberra Casino. ACT chief minister Andrew Barr stated that the government has instead invited the Hong Kong-based company to “consider a number of alternatives to progress a smaller scale...

Aquis given one month deadline for revised Canberra Casino proposal

Aquis Canberra
The government of the Australian Capital Territory has given Aquis Entertainment Group a four week deadline to submit its final revised blueprint for the AU$330m ($251m) redevelopment of Canberra Casino. According to local media reports, Aquis has until 14 May to deliver its revised proposal after the company’s original 2015 bid - which sought permission to operate 500 slot machines...

Aquis remains optimistic despite losses

ICR - Aquis
Aquis Entertainment has reported that its Canberra casino made a worsening loss of $5.84m in 2016, with the firm waiting on government approval for a significant redevelopment plan which could see the introduction of slot machines.   Casino Canberra reported a loss of AUD7.7m ($5.84m) for 2016, which, in turn, puts Aquis in a negative position with liabilities of AUD31.3m ($23.76m)...

Aquis relinquishes casino plans

Aquis Australia
The Chinese backers behind the proposed multi-billion dollar Aquis resort on Australia’s Great Barrier Reef has confirmed that it will drop plans to include a major casino element, in order to hasten the property’s prospective opening date. The $8bn (E7.04bn) Aquis Great Barrier Reef resort is being financed by Hong Kong-based father/son duo Tony and Justin Fung. Original plans for...