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Tag Archives: Casino Canberra

Australia – Casino Canberra sees 33 per cent improvement from last year

Australian casino operator Aquis Entertainment, has said that revenues at Casino Canberra, improved by 33 per cent for the financial year ended December 31, reaching $25.2m. EBITDA gave a profit of $3.3m with Casino Canberra opening on a limited basis on October 29. The ACT has suffered an outbreak of the Omicron variant of Covid-19 during…

Australia – Casino Canberra ends successful first half with another closure and owner’s retirement

Improved business volumes and controlled spending saw Australian casino group Aquis Entertainment, owner of Casino Canberra, return to profit in its first half year results to June 30 2021, although the retirement of owner Tony Fung stole the headlines. Mr. Fung stepped down as Chairman and non-executive director, saying there was a need for the…

Australia – GGR back on track for Aquis Entertainment in Canberra

Revenues at Casino Canberra are back at pre-pandemic levels, according to its owner Aquis Entertainment, who announced a loss of USA$2.7m for the first half of 2020. The casino reopened in August with performance so good that Aquis believes it will maintain its medium-term strategy, as well as its original budget forecast with the expectation…

Australia – Casino Canberra reopens its doors after four months

Casino Canberra has now reopened having ceasing operations more than four months since first closing its doors on March 23. Its owners Aquis Entertainment Group, owned by Hong Kong businessman Tony Fung, said the casino would operate on a limited basis with customers being served alcohol needing to be seated, a maximum of 100 people…

Australia – Casino Canberra stands down 90 per cent of its workforce

Aquis Entertainment, owner of Casino Canberra , has temporarily laid off 190 operational employees with another 20 to follow, equating to around 90 per cent of its workforce due to the coronavirus-related closures. Australian Prime Minister Scoot Morrison ordered all public venues, including restaurants, bars, casinos, to shut down for ‘up to six months.’ Executive…

Australia – Losses deepen at Casino Canberra with developments still stalled

Casino Canberra’s losses have deepened to A$2,553,772 in Australia with revenue falling 2.7 per cent to just under A$12m in the first half of the year. Aquis Entertainment Limited, the owner of the casino, said it had continued to create ‘efficiencies’ through cost control and improving business processes. It is still in discussion with the…

Australia – Blue Whale to change working structure of Casino Canberra

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…

Australia – Casino Canberra reduces loss and volatility in 2018

Casino Canberra owner Aquis Entertainment, which was recently bought by Blue Whale Entertainment, made a loss of A$3.4min 2018 but remains hopeful of soon operating 200 pokie machines to boost its revenues. The loss was vastly reduced than that recorded in 2017 when Aquis reported a loss of A$13.8m due to a $5.5m write down…

Australia – Casino Canberra bought by Blue Whale Entertainment

Casino Canberra has been bought by Blue Whale Entertainment for $32m, giving ownership to Blue Whale owner Michael Gu, who heads one of Australia’s biggest hotel operators. Hong Kong billionaire Tony Fung, who fronts Aquis, bought Casino Canberra from Casinos Austria for $6.5m four years ago, has sold having seen the ACT government kick his…