{"id":777002878,"date":"2023-03-01T12:57:23","date_gmt":"2023-03-01T15:57:23","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777002878"},"modified":"2026-04-23T00:12:48","modified_gmt":"2026-04-23T03:12:48","slug":"aquis-entertainment-revenue-up-49-3-in-2022","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/aquis-entertainment-revenue-up-49-3-in-2022","title":{"rendered":"Aquis Entertainment revenue up 49.3% in 2022"},"content":{"rendered":"\n

Aquis Entertainment also reported a 4,009 per cent rise in profit as a result of the sale of Casino Canberra,<\/p>\n\n\n\n\n\n\n\n

Australia.- Aquis Entertainment<\/strong> has reported that revenue was up 49.3 per cent on year-on-year terms to AU$37.59m (US$25.3m) in 2022. Earnings before Interest Tax Depreciation and Amortisation (EBITDA) increased by 121.7 per cent to AU$7.48m (US$5.03m).<\/p>\n\n\n\n

Last year saw Aquis Entertainment complete the sale of Casino Canberra<\/strong>, which led to a 4,009 per cent increase in profit to AU$9.48m (US$6.38m). Casino Canberra was sold to Iris CC Holdings<\/a> for AU$63m (US$42.03m), with the group receiving AU$60.5m (US$40.53m) as a completion payment.<\/p>\n\n\n\n

Aquis dismissed a previous offer from Capital Leisure & Entertainment<\/a> for which it had to pay an AU$1m break fee. <\/p>\n\n\n\n

The company stated: “The board of Aquis has been considering how to best utilise the profits from the sale and accordingly, the future of Aquis as a listed entity. The board\u2019s goal is to consider and determine a suitable and appropriate direction for Aquis and the best outcome for all shareholders and will report to the market when an initial determination has been made.” <\/p>\n","protected":false},"excerpt":{"rendered":"

Aquis Entertainment also reported a 4,009 per cent rise in profit as a result of the sale of Casino Canberra,<\/p>\n","protected":false},"author":176,"featured_media":32939,"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 a 49.3% revenue increase and a 121.7% EBITDA rise in 2022. The company's profit surged over 4,000% to AU$9.48m, primarily driven by the AU$63m divestment of Casino Canberra to Iris CC Holdings. The board is now evaluating the optimal utilization of these proceeds and the strategic direction for Aquis as a listed entity to maximize shareholder value.","focusai_entities":"Aquis Entertainment, Casino Canberra, Iris CC Holdings, Capital Leisure & Entertainment","focusai_location":"Australia, Canberra","focusai_target_profile":"ceo_executive (1.0), operator_casino (0.8), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Aquis's Future Strategy","query":"What specific strategic pathways is Aquis Entertainment's board evaluating for the company's future as a listed entity, post-divestment of Casino Canberra, to optimize shareholder returns?"},{"label":"Capital Deployment Plan","query":"How does Aquis Entertainment plan to strategically deploy the AU$60.5m proceeds from the Casino Canberra sale to drive future growth or shareholder distributions?"}],"footnotes":""},"categories":[16336,157],"tags":[23787],"class_list":["post-777002878","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\/777002878","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=777002878"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002878\/revisions"}],"predecessor-version":[{"id":777002902,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002878\/revisions\/777002902"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/32939"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777002878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777002878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777002878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}