Aquis Gets Third Offer for Casino Canberra

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Seeking Alpha

Las Vegas reshuffle: Out with the Tropicana and in with the Oakland A's

The historic Tropicana Las Vegas casino and hotel property closed last week after 67 years in operation. The Tropicana was the most expensive Las Vegas resort built to date when it opened in April 1957. The closing of the Tropicana means that the only surviving property on the Las Vegas Strip from the 1950s is the Sahara. The land beneath the site…

Land-based ・ 08 April 2024

Our Quad Cities

Rock Island agrees to reimburse $4.7M in casino plan

Bally's Casino and Hotel, Rock Island, is planning a $34-million redevelopment, and the city is placing its bets to reimburse a good chunk of that. The former Jumer's Casino and Hotel (bought by Bally's in 2021), at Illinois 92 and I-280, is the oldest of the three Quad Cities casinos, having opened in 2008 and is lagging in market share, said…

Industry ・ 17 March 2023

World Casino News

Iris CC Holdings Pty Ltd acquires entire Casino Canberra site for US$42 million

Australia-based Aquis Entertainment has officially announced that it has finalized the sale of its entire subsidiary, Canberra-based Aquis Canberra Pty Ltd, better known as the Casino Canberra site, to Iris CC Holdings Pty Ltd for an irrevocable sale price of AU$63 million, which is approximately US$42.5 million. New purchase: Under the terms of…

Industry ・ 05 January 2023

Asgam

Aquis completes US$42 million sale of Casino Canberra to Iris Capital

Australia's Aquis Entertainment says it has officially completed the sale of its wholly-owned subsidiary Aquis Canberra Pty Ltd - the operating entity of Casino Canberra - to Iris CC Holdings Pty Ltd for a final sale price of AU$63 million (US$42.5 million). Under the terms of the sale, Aquis has received an AU$60.5 million (US$40.8 million)…

Industry ・ 04 January 2023

Wild Casino

$5,000 Welcome Bonus

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iGaming Brazil

Bally's finalizes purchase of Tropicana Las Vegas for $148 million

The Tropicana in Las Vegas has changed hands. Bally's Corporation has completed a $148 million agreement to purchase the resort's "non-land assets" from Penn Entertainment and Gaming & Leisure Properties (GLPI). The takeover deal was signed in April 2021, but after a lengthy process that included approval from the Nevada Gaming Control Board…

Travel ・ 27 September 2022

The Gazette

Churchill Downs to buy Sioux City casino

RIVERSIDE - The company that owns the site of the Kentucky Derby is one step closer to buying the Hard Rock Hotel & Casino Sioux City after receiving approval from the state's Racing and Gaming Commission on Thursday. The unanimous approval, which came after little discussion from commissioners, marks a major milestone in the Churchill Downs' $2.75…

Gaming Authorities ・ 26 August 2022

USA Tales

US Online Casino News

As always, there is a lot happening in the online gambling and sports betting industry around the world, including in the United States. This industry is as multi-faceted as it is popular, so there is always more to learn and explore. Keep reading for a brief rundown on the latest news of the online casino industry in the United States. Commercial…

Covid ・ 23 August 2022

World Casino News

Identity of Casino Canberra bidder revealed

In Australia and casino operator Aquis Entertainment Limited has reportedly revealed the identity of the company that earlier this week lodged an official offer to buy its Casino Canberra property. According to a Wednesday report from Asia Gaming Brief, the Sydney-listed firm agreed a provisional deal in May that was to have seen it offload the…

Travel ・ 07 July 2022

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Gambling News

Aquis Considering Second Offer on Casino Canberra

Australian company Aquis Entertainment Ltd continues to be courted by investors after the company received a second offer to acquire Casino Canberra. Aquis originally received an offer of AU$52 million ($36 million) to sell the casino to Capital Leisure & Entertainment Pty Ltd. The company signed a share purchase agreement at the time. Now, though,…

Travel ・ 05 July 2022

Hometime Station

Casino Tourism: 5 Best Casinos To Visit In Australia

In spite of the fact that it is the smallest continent on Earth, Australia is rich in fantastic casino venues. The said venues offer not only the opportunity to win substantial prizes in poker tournaments but also other attractions, including luxurious hotel rooms, bars, and restaurants. As such, it is hardly surprising that playing casino games is…

Top and Best ・ 20 May 2022

Realestate News Australia

Gravanis brothers buying Casino Canberra

Aquis Entertainment has entered an agreement to sell Casino Canberra to Bill and Mario Gravanis' Oscars Hotels. The $52 million deal is subject to shareholder approval - with the next meeting scheduled in late July or August. The government also needs to sign off on it. ASX-listed Aquis acquired the casino in 2014, later failing to win approval for…

Covid ・ 13 May 2022

Gambling News

Aquis and Oscars Agree on Casino Canberra Sale Terms

Aquis Entertainment Ltd has signed a deal with Capital Leisure & Entertainment Pty Ltd, an Oscars Group subsidiary, and now, the company is likely to sell Casino Canberra. Regulatory approvals also need to be obtained and the price for which Casino Canberra is sold is AU$52 million ($36 million). As Aquis stated, the company will be able to use the…

Covid ・ 13 May 2022

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World Casino News

Casino Canberra set to change hands

In Australia and casino operator Aquis Entertainment Limited has reportedly signed an agreement to offload its Casino Canberra property to Capital Leisure and Entertainment Proprietary Limited for approximately $35.85 million. According to a report from Inside Asian Gaming, the Canberra-headquartered firm recently agreed a share purchase deal that…

Travel ・ 13 May 2022

Review Journal

IGT capitalizes on strong casino demand in first-quarter earnings report

Strong casino play has prompted operators to upgrade their slot machines, a boon to gaming equipment behemoth IGT. The London-based company with a heavy presence in Nevada reported narrowing net income despite a 3.5 percent increase in revenue in the first quarter of 2022. IGT executives attributed the decline to omicron variant-produced downturns…

Finance ・ 10 May 2022

Sioux City Journal

UPDATED: Churchill Downs parent to take over Hard Rock Sioux City casino as part of $2.5B deal

SIOUX CITY -- The parent company of the iconic Kentucky Derby would gain control of the Hard Rock Hotel & Casino Sioux City as part of a blockbuster $2.485 billion deal announced Tuesday that also includes the sale of gaming properties in Virginia and New York. Under terms of its purchase agreement with Peninsula Pacific Entertainment, Churchill…

Gaming Authorities ・ 23 February 2022

The Gazette

Potential Cedar Rapids casino operator sells some assets to Churchill Downs

The would-be operator of a Linn County casino is selling its Sioux City casino and other properties to Churchill Downs Inc. The $2.5 billion deal, announced Tuesday, does not affect Peninsula Pacific Entertainment's plans to develop a casino in Cedar Rapids, should one ever be approved by the state. (The Gazette) The would-be operator of a Linn…

Industry ・ 23 February 2022

Chicago Tribune

Chicago has five competing casino bids. Here’s what’s proposed.

Chicago Mayor Lori Lightfoot is looking at five proposals from three firms vying to run Chicago's casino. Now it's almost time for her to show her hand. City officials are sifting through the bids, including one from Hard Rock International that would set the gambling emporium in a massive mixed-use project, One Central, which developers hope to…

Religion ・ 08 November 2021

Casino News Daily

Casino Canberra will reopen Friday after more than 60 days of being shut down

With Covid restrictions sloughing away worldwide, a major Australian casino is scheduled to open today after more than two months of being idle in the latest health emergency shut down. Also of note, it is the one-year anniversary of Caesar's Cromwell Las Vegas reopening after a hiatus due to the health emergency. Caesar's Cromwell Las Vegas, the…

Travel ・ 29 October 2021

Casino Review

Aquis still interested in pursuing Casino Canberra redevelopment

Speaking during the company's AGM, Fung said redeveloping the casino "still forms part of our longer-term strategy for growth in Canberra", despite talks having stalled due to disagreements over slot machine numbers. "We do remain committed to the redevelopment of the property and we believe that the post COVID- 19 recovery in Canberra is the…

Strategy Guide ・ 07 July 2021

Casino Guardian

Playtech's Second-Largest Investor Insists on Buying Gambling Software Firm's Financial Trading Assets

Yesterday, Playtech investor Gopher Investments made a case regarding its proposal to acquire the financial trading division of the gambling software developer. The move comes weeks after Playtech said yes to another group's offer to buy the assets. Now, Gopher Investments, which is the second-largest shareholder of the British gambling software…

Finance ・ 07 July 2021

World Casino News

Casino Canberra commitment for Aquis Entertainment Limited

In Australia and the Chairman for Aquis Entertainment Limited has reportedly told investors that his firm continues to be interested in redeveloping its Casino Canberra property via a proposed makeover that could run to as much as $256 million. According to a report from Inside Asian Gaming, the revelation came from Tony Fung Wing-Cheung during a…

Jobs ・ 17 May 2021

Journal Inquirer

Letter to the editor: Casino pact failed Negotiations 101 test

According to "Casino isn't coming but local towns still want the cash" (April 22), East Windsor First Selectman Jason Bowsza wrote a letter to Gov. Ned Lamont expressing his disappointment and concern that the shelved deal with MMCT Venture to build a casino in East Windsor would hurt East Windsor and surrounding towns to a tune of $40 million over…

Sports ・ 07 May 2021

The Canberra Times

Casino Canberra bounces back after horror 2020

news, latest-news, canberra casino, casino canberra, covid-19, jobkeeper, aquis entertainment limited, blue whale entertainmentTrade at Casino Canberra has returned to near pre-pandemic levels after a positive end to a disastrous 2020. A strong December quarter means the casino is no longer eligible to claim the JobKeeper wage subsidy, chief…

Covid ・ 19 January 2021

Yogonet

Indiana and Four Winds Casino tribal operators closer to gaming expansion agreement

Gaming Authorities ・ 19 January 2021