Operator News
Australia – Blue Whale to change working structure of Casino Canberra
By Phil - 21 March 2019
Blue Whale Entertainment, the new owner of Canberra Casino, is looking to change the structure of the casino’s workforce, if its proposed purchase goes through.
Shareholders are set to vote on the sale of the casino to Blue Whale Entertainment on March 21.
Blue Water Director Michael Gu said: “We will bring to the company refreshed perspective at the board level and the opportunity for refinements to the strategy of the company. The employment of the senior management of the company would transfer to the management company. It will essentially see key management personnel employed by a new management entity so they can work across Casino Canberra and other businesses if necessary Blue Whale’s vision is to reinforce Casino Canberra as the entertainment hub of the nation’s capital to drive even greater numbers of visitors. If shareholders approve the proposed transaction Aquis looks forward to working collaboratively with Blue Whale to deliver on its vision for Casino Canberra.
If approved, Blue Whale would hold an 86.64 per cent shareholding in Aquis Entertainment at a cost of $28m.
The casino returned to profitability in the second half of 2018 having modified its operating strategy in 2018 to refocus on its broader customer base with less emphasis on high stakes players.
