Chow said the continued Covid-19 lockdowns in Hong Kong have made it difficult for him to continue his involvement with the group..<\/p>\n\n\n\n\n\n\n\n
Australia.- Aquis Entertainment, the operator of Casino Canberra, has reported through a company filing that\u00a0Alex Chow will retire as non-executive director<\/strong>. According to the company, his decision comes as a result of continued Covid-19 lockdowns in his home country, Hong Kong, which have made it difficult for Chow to continue his desired level of involvement with the group.<\/p>\n\n\n\n Chow said: \u201cwith the recent appointment of Mark Purtill to the Board of Directors,\u00a0I am confident that my areas of expertise are well covered within the group<\/strong>, and I can retire from the Board proud of what we have achieved over the past number of years in very difficult circumstances.<\/p>\n\n\n\n “I wish the company every success for the future, and I know that the continuing Directors are very competent to continue with the plans we have set and implemented over recent years.”<\/p>\n\n\n\n Russell Shields, Aquis Entertainment chairman added: “While I am sorry to see Alex go, I can certainly sympathise with the technological challenges he has been experiencing. <\/p>\n\n\n\n “Alex\u2019s input over the years has been very valuable, we have been through some interesting times together as a result of Covid-19 and I wish him all the very best for the future\u201d. <\/p>\n\n\n\n The company has not yet defined who will be Chow’s replacement.<\/p>\n\n\n\n As previously reported by Focus Gaming News,\u00a0Aquis Entertainment<\/a>\u00a0posted revenue of $25.2m, up 33 per cent year-on-year, for 2021. EBITDA for the year was a profit of $3.3m after\u00a0Casino Canberra<\/a>\u00a0was allowed to reopen on a limited basis on October 29.<\/p>\n","protected":false},"excerpt":{"rendered":" Chow said the continued Covid-19 lockdowns in Hong Kong have made it difficult for him to continue his involvement with the group..<\/p>\n","protected":false},"author":176,"featured_media":9734,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Alex Chow is retiring as a non-executive director from Aquis Entertainment, operator of Casino Canberra, citing logistical challenges stemming from prolonged COVID-19 lockdowns in Hong Kong. This board transition follows the recent appointment of Mark Purtill, whose expertise is noted to align with Chow's previous contributions. Concurrently, Aquis Entertainment reported a 33% year-on-year revenue increase to $25.2 million for 2021, achieving a $3.3 million EBITDA profit following Casino Canberra's partial reopening.","focusai_entities":"Alex Chow, Aquis Entertainment, Casino Canberra, Mark Purtill, Russell Shields","focusai_location":"Hong Kong, Australia","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.8), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Board Succession Plan","query":"What is Aquis Entertainment's formal succession plan for non-executive directors, particularly in light of Alex Chow's retirement and the broader implications for board diversity and expertise?"},{"label":"Post-Reopening Performance","query":"How has Casino Canberra's GGR and NGR trajectory evolved since its limited reopening on October 29, and what are the projections for Q1 and Q2 2022 given the reported 2021 revenue growth?"}],"footnotes":""},"categories":[16336,157],"tags":[23787],"class_list":["post-28816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-aquis-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28816","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=28816"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28816\/revisions"}],"predecessor-version":[{"id":28828,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28816\/revisions\/28828"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9734"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Aquis Entertainment revenue up 33% in 2021<\/h2>\n\n\n\n