Tag Archives: reef casino trust
- Queensland Premier, OLGR Commissioner take Tony Fung to task
December 3, 2014
Queensland Premier Campbell Newman is standing up for his government in light of recent comments made by Hong Kong billionaire Tony Fung regarding Fung's proposed A$8.15 billion dollar resort and casino in Cairns. Speaking at a community cabinet event in Cairns, Newman was quoted saying his government would not be...
- Echo chairman adds fire to Brisbane casino race, questions Tony Fung’s Aquis casino project
December 1, 2014
Echo Entertainment is throwing another shot at rival Crown Resorts' casino bid in Brisbane even as Echo admits it has a Plan B lined up in case its own proposal fails to get the nod. Echo Chairman John O'Neill has challenged the State Government in Queensland to think really long...
- Aquis casino project under review after Reef Casino sale falls through
November 24, 2014
Hong Kong billionaire Tony Fung’s $8.15 billion ($7.1 billion) Aquis resort and casino project has been put on hold after his pending purchase of the Reef Casino fell through. Aquis "will be undertaking a strategic review of its plans and development timetable over the coming months" after Queensland's Office of...
- Saipan firm eyes $4B casino in Northern Mariana; Reef Casino directors support Fung acquisition
October 23, 2014
Another group of Chinese investors, Saipan Jinghua Investment Inc., expressed its interest to score a casino project on the island of Tinian, Northern Mariana Islands. The company proposes a $4 billion project to build a 300-hectare integrated resort and casino. Saipan Jinghua’s registered agent, David C. Sablan, told the Marianas Variety...
- Aquis extends deadline on Reef Casino Trust ownership negotiations to late November
October 17, 2014
Tony Fung’s Aquis Group has extended the deadline for the completion of its $276 million acquisition of Reef Casino Trust and its associated entities. The statement came after Aquis’ announcement that it had received over 81% of the units in Reef Casino Trust and that it had obtained regulatory approvals...
- Queensland considering reopening casino license bidding
September 29, 2014
The Queensland state government has warned the current short-listed bidders Tony Fung and ASF Consortium that it will reopen a tender process for two regional casino licenses if they fail to meet requirements. According to The Australian, Deputy Premier Jeff Seeney and the Queensland government is prepared to reissue a...
CrownBet launches new TV ad, but won’t mention betting
September 26, 2016