Tag Archives: Casino Canberra
Australia – Iriss CC confirmed as the new owner of Casino Canberra
Aquis Entertainment has now completed the sale of Casino Canberra to Iris CC Holdings for AU$60.5m. A further AU$2.5m is being held in escrow to be released to Aquis nine months from completion, subject to no warranty claims being issued. Aquis outgoing director and CEO Allison Gallaugher said: “As a Board, we are very pleased to have been able to negotiate and…
Australia – Aquis confirms sale of Casino Canberra to Iris CC Holdings for A$63m
Aquis Entertainment has confirmed that it will sell Canberra Casino to Iris CC Holdings for A$63m. Aquis said it has accepted this revised proposal and has now entered into a new share purchase agreement to sell Aquis Canberra to Iris for such price. Aquis had previously entered into with Capital Leisure & Entertainment Pty Ltd,…
Australia – Aquis receives second offer for Canberra casino from Capital Leisure & Entertainment
Australian casino operator Aquis Entertainment has entered into an amended deed for the proposed sale of the company’s wholly owned subsidiary, Aquis Canberra, to Capital Leisure & Entertainment, which is owned and controlled by interests associated with the Oscars Group (Oscars) at an increased price of $58.2m following the receipt of revised proposals from Oscars…
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…
