#Casino Canberra

World Casino News

Iris CC Holdings Pty Ltd acquires entire Casino Canberra site for US$42 million

Australia-based Aquis Entertainment has officially announced that it has finalized the sale of its entire subsidiary, Canberra-based Aquis Canberra Pty Ltd, better known as the Casino Canberra site, to Iris CC Holdings Pty Ltd for an irrevocable sale price of AU$63 million, which is approximately US$42.5 million. New purchase: Under the terms of…

Industry ・ 05 January 2023

Asgam

Aquis completes US$42 million sale of Casino Canberra to Iris Capital

Australia's Aquis Entertainment says it has officially completed the sale of its wholly-owned subsidiary Aquis Canberra Pty Ltd - the operating entity of Casino Canberra - to Iris CC Holdings Pty Ltd for a final sale price of AU$63 million (US$42.5 million). Under the terms of the sale, Aquis has received an AU$60.5 million (US$40.8 million)…

Industry ・ 04 January 2023

USA Tales

US Online Casino News

As always, there is a lot happening in the online gambling and sports betting industry around the world, including in the United States. This industry is as multi-faceted as it is popular, so there is always more to learn and explore. Keep reading for a brief rundown on the latest news of the online casino industry in the United States. Commercial…

Covid ・ 23 August 2022

World Casino News

Identity of Casino Canberra bidder revealed

In Australia and casino operator Aquis Entertainment Limited has reportedly revealed the identity of the company that earlier this week lodged an official offer to buy its Casino Canberra property. According to a Wednesday report from Asia Gaming Brief, the Sydney-listed firm agreed a provisional deal in May that was to have seen it offload the…

Travel ・ 07 July 2022

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Gambling News

Aquis Gets Third Offer for Casino Canberra

A third offer has come in for Aquis Entertainment's Canberra casino amounting to AUD 60 million ($41 million). The bid was submitted by Iris CC Holdings, which outbid the two offers by Capital Leisure & Entertainment Pty Ltd., a subsidiary of Oscars Group. In May, Aquis agreed on a share purchase deal with Capital Leisure, which would see Aquis…

Travel ・ 07 July 2022

Gambling News

Aquis Considering Second Offer on Casino Canberra

Australian company Aquis Entertainment Ltd continues to be courted by investors after the company received a second offer to acquire Casino Canberra. Aquis originally received an offer of AU$52 million ($36 million) to sell the casino to Capital Leisure & Entertainment Pty Ltd. The company signed a share purchase agreement at the time. Now, though,…

Travel ・ 05 July 2022

Hometime Station

Casino Tourism: 5 Best Casinos To Visit In Australia

In spite of the fact that it is the smallest continent on Earth, Australia is rich in fantastic casino venues. The said venues offer not only the opportunity to win substantial prizes in poker tournaments but also other attractions, including luxurious hotel rooms, bars, and restaurants. As such, it is hardly surprising that playing casino games is…

Top and Best ・ 20 May 2022

World Casino News

Casino Canberra set to change hands

In Australia and casino operator Aquis Entertainment Limited has reportedly signed an agreement to offload its Casino Canberra property to Capital Leisure and Entertainment Proprietary Limited for approximately $35.85 million. According to a report from Inside Asian Gaming, the Canberra-headquartered firm recently agreed a share purchase deal that…

Travel ・ 13 May 2022

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Realestate News Australia

Gravanis brothers buying Casino Canberra

Aquis Entertainment has entered an agreement to sell Casino Canberra to Bill and Mario Gravanis' Oscars Hotels. The $52 million deal is subject to shareholder approval - with the next meeting scheduled in late July or August. The government also needs to sign off on it. ASX-listed Aquis acquired the casino in 2014, later failing to win approval for…

Covid ・ 13 May 2022

Gambling News

Aquis and Oscars Agree on Casino Canberra Sale Terms

Aquis Entertainment Ltd has signed a deal with Capital Leisure & Entertainment Pty Ltd, an Oscars Group subsidiary, and now, the company is likely to sell Casino Canberra. Regulatory approvals also need to be obtained and the price for which Casino Canberra is sold is AU$52 million ($36 million). As Aquis stated, the company will be able to use the…

Covid ・ 13 May 2022

Casino News Daily

Casino Canberra will reopen Friday after more than 60 days of being shut down

With Covid restrictions sloughing away worldwide, a major Australian casino is scheduled to open today after more than two months of being idle in the latest health emergency shut down. Also of note, it is the one-year anniversary of Caesar's Cromwell Las Vegas reopening after a hiatus due to the health emergency. Caesar's Cromwell Las Vegas, the…

Travel ・ 29 October 2021

Gambling News

Australia Online Gambling Spend Skyrocketed in September

A significant spike in online gambling in Australia is indicated by data published by two companies tracking consumer spending, AlphaBeta and illion. Published by both analytics companies, real-time data showed spending on gambling activities in the country almost tripled during the latest lockdowns in New South Wales (NSW) and Victoria. It also…

Sports ・ 04 October 2021

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Casino Review

Aquis still interested in pursuing Casino Canberra redevelopment

Speaking during the company's AGM, Fung said redeveloping the casino "still forms part of our longer-term strategy for growth in Canberra", despite talks having stalled due to disagreements over slot machine numbers. "We do remain committed to the redevelopment of the property and we believe that the post COVID- 19 recovery in Canberra is the…

Strategy Guide ・ 07 July 2021

World Casino News

Casino Canberra commitment for Aquis Entertainment Limited

In Australia and the Chairman for Aquis Entertainment Limited has reportedly told investors that his firm continues to be interested in redeveloping its Casino Canberra property via a proposed makeover that could run to as much as $256 million. According to a report from Inside Asian Gaming, the revelation came from Tony Fung Wing-Cheung during a…

Jobs ・ 17 May 2021

The Canberra Times

Casino Canberra bounces back after horror 2020

news, latest-news, canberra casino, casino canberra, covid-19, jobkeeper, aquis entertainment limited, blue whale entertainmentTrade at Casino Canberra has returned to near pre-pandemic levels after a positive end to a disastrous 2020. A strong December quarter means the casino is no longer eligible to claim the JobKeeper wage subsidy, chief…

Covid ・ 19 January 2021