Wednesday, May 18, 2022

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Aquis offloads casino business with $52m sale of Casino Canberra

Aquis Entertainment has agreed to sell its main operating asset Casino Canberra for $52 million, saying it plans to look for other business opportunities. 

Casino Canberra to open this Friday as ACT further sheds restrictions

The Australian Capital Territory (ACT) is set to further lift Covid-19 restrictions across the state from this Friday, paving the way for the reopening of Casino Canberra, operated by Aquis Entertainment.

Casino Canberra closed due to ACT lockdown, Reef reopens

Australian gaming group Aquis says that it has closed its Casino Canberra property, effective from today, as the Australian Capital Territory (ACT), enters a seven-day lockdown.

Aquis to restart talks with government on Casino Canberra redevelopment

Aquis Entertainment says it plans to restart talks with the government over future development plans for Casino Canberra, which were paused last year due to the Covid crisis. In 2018, the government permitted the casino to allow 200 electronic gaming machines.

Casino Canberra quarterly revenue strong, cash flow positive

Aquis Entertainment said Casino Canberra's business revenue in the most recent quarter was strong and its net operating cash flow was positive. All operational employees have returned to pre-shutdown working hours.

Casino Canberra trading performance near pre-Covid levels

Aquis Entertainment has announced that its Casino Canberra reached near pre-Covid trading levels late last year and is thus no longer eligible for the JobKeeper program. The firm also provided some updates on the status of the casino floor.

Your Daily Asia Gaming eBrief: Casino logistics challenges

Global shipping and supply chains are still far from normal following the initial disruptions from the Covid pandemic and logistics companies are bracing for another likely hit from the gridlock in Shanghai’s port.

Aquis Entertainment said casino activity at pre-Covid levels from February

Aquis Entertainment, which operates Australia’s Casino Canberra, said business was affected by Covid restrictions in January, but has returned to pre-Covid normality since curbs were lifted in February.

Aquis to resume talks with government this year on Canberra project

Australia's Aquis Entertainment said it aims to renew stalled talks with the capital government this year on the redevelopment of its casino into an integrated resorts precinct.

Canberra Labor Club pokie revenues down 28%

Poker machine revenue at the Canberra Labor Club fell by more than 28 percent year-on-year to A$17.4 million (US$13.7 million).