Tag Archives: aquis
- Casino Canberra’s $5.8M loss in 2016 puts Aquis in a tough spot
March 15, 2017
Tony Fung's Aquis Entertainment is off to a rough start this year. This week, the Casino Canberra reported a loss of AUD7.7 million (USD5.84 million) for 2016, which, in turn, puts Aquis in a negative position with liabilities of AUD31.3 million (USD23.76 million) outstripping the casino operator's assets by AUD14,300...
- Aquis drops casino for Great Barrier Reef resort, leaves Queensland license up for grabs
April 1, 2016
It’s all systems go for Tony Fung’s $8 billion Aquis Great Barrier Reef project, except for one thing—the casino. On Friday, Australian media outlets reported that the Hong Kong-based gaming tycoon has canned its plans to add the flagship casino to the project, for now at least. Local news outlet...
- Tony Fung gets Chinese backing for Aquis Great Barrier Reef casino
March 28, 2016
Plans for Tony Fung’s $8 billion Aquis Great Barrier Reef casino is finally a step closer to development. This was after the Hong Kong-based gaming tycoon has reportedly sealed a deal with two Chinese groups—Tandellen and CCCC International Holding—which will provide development and financial backings to the project, The Australian...
- Aquis wants to scale back $8B plans for Cairns mega casino resort
October 16, 2015
Hong Kong gaming tycoon Tony Fung is negotiating to downsize the plan for the $8 billion Aquis Great Barrier Reef casino resort in Cairns, Australia. The billionaire has already requested the state government to release the minimum requirements for an integrated resort development, The Courier Mail reported. David Chu, Fung’s...
- Aquis to give Canberra casino a $330 million makeover
September 16, 2015
Tony Fung’s Aquis Entertainment is giving its newly-purchased Canberra Casino a $330m revamp to lure additional 700,000 visitors annually. The two-stage revamp proposal includes VIP and mass gaming facilities, six-star villa accommodation, a five-star hotel, retail food and beverage and a shopping mall. A 3,300 sqm extension to the National...
- Tony Fung’s Aquis Entertainment buys Sheraton Mirage, plans to add casino
May 6, 2015
Tony Fung’s Aquis Entertainment has purchased the Sheraton Mirage hotel on Australia’s Gold Coast with the aim of converting it into a luxury resort casino. On Wednesday, the Courier Mail reported that the Hong Kong-based Aquis had paid AUD 160m (US $127.5m) for the five-star Sheraton Mirage. The amount is...