{"id":17910,"date":"2021-05-14T15:21:55","date_gmt":"2021-05-14T15:21:55","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17910"},"modified":"2026-04-23T19:33:36","modified_gmt":"2026-04-23T22:33:36","slug":"aquis-to-resume-talks-on-redevelopment-of-canberra-casino","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/aquis-to-resume-talks-on-redevelopment-of-canberra-casino","title":{"rendered":"Aquis to resume talks on redevelopment of Canberra casino"},"content":{"rendered":"\n

Aquis Entertainment plans to resume discussions with the government on the possibility of developing its Canberra casino into an Integrated Resort.<\/p>\n\n\n\n\n\n\n\n

Australia.- Aquis Entertainment has said at its annual general meeting\u00a0that it’s still committed to the redevelopment of its Canberra casino<\/strong>\u00a0and will resume conversations with the government this year.<\/p>\n\n\n\n

The company received conditional approval in November 2017 to operate 200 electronic games machines<\/strong>\u00a0as part of the redevelopment plans. However, the protect was held up due to the Covid-19 pandemic.\u00a0<\/p>\n\n\n\n

Chairman Tony Fung said: “As we have reported for several years now, a redevelopment of our Casino building still forms part of ourlonger-term strategy for growth in Canberra. <\/p>\n\n\n\n

“I continue to believe that the opportunity for the development of an integrated entertainment precinct in Canberra\u2019s CBD offers the ACT a once in a lifetime tourism infrastructure opportunity.”<\/p>\n\n\n\n

He added: “We will be holding discussions with the government this year to discuss the conditions in place in relation to the redevelopment and EGM\u2019s and we look forward to the opportunity to deliver to Canberra the kind of world class entertainment precinct that our Capital city deserves and to creating many new employment opportunities and further securing all existing roles within our business.”<\/p>\n\n\n\n

In January,\u00a0Casino Canberra<\/a>\u00a0had to\u00a0reduce its indoor capacity to a maximum of 505 customers<\/strong> to comply with government measures.<\/p>\n\n\n\n

Aquis Entertainment reported that\u00a0revenue decreased 23.7 per cent to AU$18.9m (US$14.9m) in 2020<\/strong>,\u00a0while profit attributable to the owners increased 120.2 per cent to AU$798,000.\u00a0<\/p>\n\n\n\n

Due to the Covid-19 pandemic,\u00a095 per cent of Aquis Entertainment staff were stood down from their roles in 2020.<\/strong> Only a small team remained in place to administer the JobKeeper programme of subsidies from the government.<\/p>\n","protected":false},"excerpt":{"rendered":"

Aquis Entertainment plans to resume discussions with the government on the possibility of developing its Canberra casino into an Integrated Resort.<\/p>\n","protected":false},"author":176,"featured_media":17911,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Aquis Entertainment plans to re-engage with the Australian government regarding the long-term redevelopment of its Canberra casino into an Integrated Resort, including the previously approved 200 electronic gaming machines. This strategic initiative, delayed by the Covid-19 pandemic, remains central to the company's growth despite a 23.7% revenue decline in 2020.","focusai_entities":"Aquis Entertainment, Tony Fung, Casino Canberra","focusai_location":"Australia, Canberra","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.8), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"EGM Approval Timeline","query":"What specific conditions from the 2017 conditional approval for 200 EGMs are currently under discussion, and what is the anticipated timeline for their resolution and final licensing?"},{"label":"Integrated Resort Funding","query":"Given the 2020 revenue decline, what is Aquis Entertainment's revised capital expenditure plan and funding strategy for the proposed Integrated Resort development in Canberra?"}],"footnotes":""},"categories":[16336,28,158],"tags":[],"class_list":["post-17910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-casino-news","category-slider-home"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=17910"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17910\/revisions"}],"predecessor-version":[{"id":17916,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17910\/revisions\/17916"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17911"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}