Gambling operator has cut around 90% of its total workforce due to the forced casino closure in Australia. <\/p>\n\n\n\n\n\n\n\n
Australia.- ASX-listed Aquis Entertainment Ltd has stood down around 90% of its 235-strong workforce following the forced casino closure which came into force in Australia last week.<\/p>\n\n\n\n
Aquis, which owns and operates Casino Canberra<\/strong><\/em> in Australia\u2019s capital city, revealed that it has already stood down 190 operational employees with another 20 to follow, while the executive team has taken a temporary 48% salary reduction. <\/p>\n\n\n\n CEO Allison Gallaugher will see her salary halved from AU$300,000 to AU$150,000. <\/p>\n\n\n\n Some essential staff remain in a reduced capacity to maintain the property, provide security and process payroll.<\/p>\n\n\n\n \u201cThis will likely be the toughest challenge that any of our employees have faced in their lifetimes,\u201d Gallaugher said. <\/p>\n\n\n\n \u201cThe executive team are committed and devoted to this business and will do our very best to bring the company through this shut down and then rebuild it for our team and patrons.\u201d Gambling operator has cut around 90% of its total workforce due to the forced casino closure in Australia.<\/p>\n","protected":false},"author":2,"featured_media":5012,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"ASX-listed Aquis Entertainment Ltd has implemented a significant workforce reduction, standing down approximately 90% of its 235 employees, following the mandatory closure of Casino Canberra in Australia. This measure, alongside executive salary reductions, is a direct response to the operational cessation, aiming to preserve the business through the unprecedented shutdown.","focusai_entities":"Aquis Entertainment Ltd, Casino Canberra, Allison Gallaugher","focusai_location":"Australia, Canberra","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Operational Resilience Strategy","query":"What specific governance frameworks and financial contingency plans has Aquis Entertainment Ltd activated to ensure long-term operational resilience and mitigate further capital erosion during this extended closure period?"},{"label":"Market Re-entry Projections","query":"Given the significant workforce reduction, what are the projected timelines and capital expenditure requirements for Aquis Entertainment Ltd to fully remobilize its operational capacity and re-engage its patron base upon regulatory approval for reopening?"}],"footnotes":""},"categories":[160,16336,28],"tags":[289,29,7299],"class_list":["post-5009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-australasia-news","category-casino-news","tag-australia","tag-casino","tag-coronavirus"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5009","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=5009"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5009\/revisions"}],"predecessor-version":[{"id":777008666,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5009\/revisions\/777008666"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/5012"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=5009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=5009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=5009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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