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Tag Archives: Cairns

Australia – Tropical North Global Tourism Hub in Cairns attracts 12 investors

More than 12 registrations of interest have so far been submitted to the Queensland State Government’s proposed $1bn Tropical North Global Tourism Hub (GTH) in Cairns, including some well known casino operators. The location of the proposal on the waterfront in Wharf St includes four hectares of state-owned land close to the existing Reef Hotel…

Australia – Aquis pulls the plug on Great Barrier Reef casino

Aquis Great Barrier Reef Resort in Australia is to proceed with its bid to bring a spectacular A$8bn water-resort to Cairns without a casino as part of the project. The project’s Hong Kong –based owner Tony Fung has ditched the casino for now, saying he might return to it at later date, meaning a casino…

Australia – Aquis partners with Chinese firms to fund project

The businessman behind the proposed Aquis Great Barrier Reef Resort in Australia has signed a deal with two Chinese development companies to finance the $8.15bn project. Aquis boss Tony Fung has brought in Chinese companies Tandellen and CCCC International Holding Limited (CCCCI). Aquis stated: “The relationships we have established with CCCCI and Tandellen are an…

Australia – Reef Casino to invest in loyalty programme

Following the failed acquisition deal with Hong Kong businessman Tony Fung and Aquis Developments, The Reef Casino Trust, owner and operator of the Cairns casino is now looking to invest. It wants to increase attendance through a new loyalty program as well as marketing in Singapore and southeast Asia. Chief executive Allan Tan said: “The…

Australia – Queensland hopeful makes move on the Reef

Aquis Casino Acquisitions, the company behind the bid to build a spectacular A$4.2bn casino and resort project in Cairns, is trying to buy Reef Casino Trust, which owns the only casino in Cairns Reef Casino for $214m. The move would allow Aquis owner and Chinese businessman Tony Fung control of the market prior to any…

Australia – Cairns’ casino ‘wonder’ passes first set of approvals

Chinese tycoon Tony Fung’s attempts to develop a US$ 3.75bn casino and resort project in Cairns, close to Australia’s Great Barrier Reef in Queensland, has hurdled its first set of approvals. The proposal, to be located 13km north of Cairns and to be called Aquis Resort, would market itself to Chinese tourists and has pitched…