Casino Canberra

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    Casino canberra

    Aquis Entertainment stands down 90% of staff

    Australia’s Aquis Entertainment said it was standing down 90 percent of its staff and executives are taking a pay cut after the closure of its Casino Canberra property as a result of the coronavirus.

    Blue Whale acquisition of Aquis at risk of termination

    Blue Whale Entertainment’s proposed acquisition of Aquis Entertainment may be terminated due to a lengthy approval process by the ACT gaming regulator.  First announced in December 2018, the transaction involves Blue Whale Entertainment Pty Ltd Blue Whale, an Australian company majority-owned by iProsperity Group CEO Michael Gu, which is seeking to acquire interests of up […]

    Justin Fung resigns, Canberra project gets extension

    Integrated resort operator Aquis Entertainment has announced the resignation of one of its key directors, Justin Fung. Mr. Fung is the son of Aquis chairman Tony Fung, a Hong Kong billionaire. According to a filing to the ASX, Justin has decided to exit the business in order to focus on the family’s horse racing and […]

    Silent treatment came from ACT government: Aquis

    Hong-Kong based integrated resort operator Aquis Entertainment Limited responded to recent media reports that alleged that the company had “gone cold” in its $256.4 million bid to rebuild Casino Canberra. On Monday, the ACT government wrote to the Hong Kong operator, giving the company until May 14 to finalize its proposal. Gaming Minister Gordon Ramsay […]

    Casino Canberra may get slots, automated table games

    Canberra Casino may soon be allowed to install 60 fully-automated table games and 200 slot machines under new legislation proposed by the ACT government on Thursday. Gamblers playing at the casino’s slot machines will be required to set a maximum limit they are prepared to lose over 24 hours, representing the first mandatory pre commitment […]

    Casino Canberra Feb. GGR rises

    The Aquis Group’s Casino Canberra saw higher gross gaming revenue in February, helped by a refurbishment of the property and targeted marketing programs.  In a release to the Australian Stock Exchange, the group said gross gaming revenue gained 10 percent to $1.9 million ($1.4 million). That’s 11 percent lower than January, but the company said […]

    Local clubs step up efforts to block pokies at Casino Canberra

    ClubsACT has begun an online petition in an attempt to gather opposition against poker machines in the new Aquis-owned Canberra Casino, local media reports. Currently, ACT’s community clubs-based gaming model doesn’t allow poker machines for commercial purposes. The ACT government has not yet finalized its position on reversing the ban, whilst the Canberra Casino hopes […]

    Aquis plans $235m revamp of Canberra Casino

    Aquis Entertainment plans to spend A$330 million ($235 million) to upgrade Casino Canberra to create a resort including one six-star ultra high-end hotel and a 100-suite five-star property extending to six storeys, company managing director Justin Fung told the Canberra Times. However, the investment will be largely contingent on pokie machines being allowed into the […]

    Discovery Resources completes acquisition of Casino Canberra

    Discovery Resources, to be renamed Aquis Entertainment, has completed the acquisition of the Casino Canberra, with Hong Kong tycoon Tony Fung to become chairman of the combined group.  In accordance with the terms of the share purchase agreement, 149,421,874 fully paid ordinary shares in the capital of the company were issued to Aquis Canberra Holdings […]

    Tony Fung buys Gold Coast Sheraton, plans casino

    Hong Kong billionaire Tony Fung is continuing his expansion in Queensland with the acquisition of the Sheraton Mirage on the Gold Coast for A$160 million ($127 million), according to local media. Fung plans to turn the property into a luxury casino resort, he told Brisbane newspaper The Courier Mail in an interview. “The Gold Coast […]

    Aquis eyes Las Vegas designers for Casino Canberra

    Aquis Group has invited Las Vegas-based architecture firms to submit design plans for Casino Canberra, which the group bought in December for $6 million. According to local media reports, Aquis may knock down the existing casino building to pave the way for the new developments, which will include world-class restaurants and bars. Aquis managing director […]