Capital Leisure & Entertainment<\/a>\u00a0so it will be required to pay an AU$1m break fee.<\/p>\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"
Despite the ongoing impact of the Covid-19 pandemic, Aquis Entertainment has continued to exceed budgeted EBITDA.<\/p>\n","protected":false},"author":176,"featured_media":21522,"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 reported robust Q2 revenues and exceeded budgeted EBITDA despite ongoing COVID-19 operational challenges. The company has entered into an agreement to divest Casino Canberra to Iris CC Holdings Pty Ltd for AU$63m, with a AU$2.5m deposit already secured. Proceeds are slated for convertible loan repayment or shareholder distribution, alongside a AU$1m break fee payment to Capital Leisure & Entertainment for a prior rejected offer.","focusai_entities":"Aquis Entertainment, Iris CC Holdings Pty Ltd, Aquis Canberra Holdings Pty Ltd, Capital Leisure & Entertainment, Casino Canberra","focusai_location":"Australia, ACT","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), compliance_legal (0.85), operator_casino (0.8), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Capital Allocation Strategy","query":"How will the AU$63m proceeds from the Casino Canberra sale specifically impact Aquis Entertainment's balance sheet, particularly regarding the convertible loan and potential shareholder distributions, and what is the projected timeline for these actions?"},{"label":"Regulatory Approval Timeline","query":"What are the anticipated regulatory hurdles and timeline for Iris CC Holdings Pty Ltd to secure the necessary gaming licenses and approvals for the change of control of Casino Canberra from ACT authorities?"}],"footnotes":""},"categories":[16336,163,158],"tags":[23787,23786],"class_list":["post-32178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news","category-slider-home","tag-aquis-entertainment","tag-casino-canberra"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32178","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=32178"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32178\/revisions"}],"predecessor-version":[{"id":32185,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32178\/revisions\/32185"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21522"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=32178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=32178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=32178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}