Monday, February 26, 2024
HomeNewsAustraliaAquis Entertainment approved for $42mln sale of Casino Canberra to Iris CC Holdings

Aquis Entertainment approved for $42mln sale of Casino Canberra to Iris CC Holdings

FOLLOW US

Australia’s Aquis Entertainment has announced that it has received casino regulatory approval for the sale of its Casino Canberra property.

The property is the main asset of the company, and it announced earlier this year that it would be selling it to Iris CC Holdings for AU$63 million ($42.03 million).

In a Wednesday filing, the group noted that ‘all of the conditions precedent to completion of the share purchase agreement’ between the companies ‘have been satisfied’.

The groups are now ‘in discussions about an appropriate closing date having regard to the time of year, but completion is expected to occur in the coming days’.

It further notes that it ‘has been considering the use of funds from the sale and the future of Aquis as a listed entity’.

A subsequent decision on the matter is expected to be taken ‘by the end of January’ if the sale goes ‘in line with expectations’.

AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

RELATED ARTICLES