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

Related

Kenosha News

Kenosha City Council approves Hard Rock casino proposal

The Kenosha City Council voted decisively Wednesday night in favor of a multi-million dollar intergovernmental agreement with the Menominee Tribe's gaming authority, a major milestone that helps pave the way for a future Hard Rock casino on the city's west side in the coming years. Alderpersons voted 11-6 during a packed regularly scheduled City…

Law ・ 05 January 2024

WMAR 2 News

Nevada Gaming Commission approves sale of Nugget Casino to Colorado-based company

The Nevada Gaming Commission recently approved the sale of the Nugget Casino and Resort to Century Casinos. The Colorado-based company made the agreement to buy the Nugget back in February of 2022 for a total of $195 million. The Gaming Commission approved the sale during its meeting on March 23. According to Century Casinos, $100 million will go…

Gaming Authorities ・ 27 March 2023

Yogonet

Chilean casino company pulls out of deal to buy Las Vegas Strip land amid rise in interest rates

CB Investment, a company founded by Chilean businessman Claudio Fischer that was planning to develop a hotel-casino on the Strip near the Las Vegas Convention Center's West Hall, has pulled out of the $120 million deal. On Tuesday, Las Vegas Convention and Visitors Authority (LVCVA) CEO Steve Hill said the tourism agency's sale of 10 acres at the…

Land-based ・ 09 January 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

Wild Casino

$5,000 Welcome Bonus

Deposit bonuses are optional and must be requested by the player when making a deposit. For example, use Promo Code WILD1 to a 100% Casino bonus. Your bonus request will be assessed and, if your account is eligible for the bonus, it will be added to your account immediately.

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

Gambling News

Aquis Gets Third Offer for Casino Canberra

A third offer has come in for Aquis Entertainment's Canberra casino amounting to AUD 60 million ($41 million). The bid was submitted by Iris CC Holdings, which outbid the two offers by Capital Leisure & Entertainment Pty Ltd., a subsidiary of Oscars Group. In May, Aquis agreed on a share purchase deal with Capital Leisure, which would see Aquis…

Travel ・ 07 July 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

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

RELATED LOCATION

Country

Australia

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

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

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

RELATED CATEGORIES

Category

Industry

Category

Law

Category

Finance

Yogonet

Churchill Downs to sell land near Florida's Calder Casino to Blackstone's real estate brand

Louisville-based Churchill Downs Incorporated has signed an agreement to sell 115.7 acres of land near Calder Casino in Miami Gardens, Florida, for $291 million or approximately $2.5 million per acre, the gaming company announced on Monday. CDI will be selling the land to owner of logistics real estate assets Link Logistics, which was established…

Land-based ・ 23 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

ICLG

Blackstone to sell The Cosmopolitan Las Vegas for USD 5.65 billion

Investment management company Blackstone has agreed to sell luxury hotel The Cosmopolitan of Las Vegas to... Investment management company Blackstone has agreed to sell luxury hotel The Cosmopolitan of Las Vegas to Stonepeak Partners for USD 5.65 billion. The transaction is one of the biggest single-asset property purchases to date. Under the terms…

Travel ・ 17 October 2021

Yogonet

Caesars finalizes $250M sale of Southern Indiana casino to Cherokees

aesars Entertainment has completed the previously announced sale of Caesars Southern Indiana operations to the Eastern Band of Cherokee Indians, confirmed the casino-entertainment company last Friday. The deal was secured by both parties for approximately $250 million. According to Caesars, in connection with this transaction, its annual base rent…

Gaming Authorities ・ 06 September 2021

GGRAsia

Nagasaki assembly question on casino RFP complaints

A Thursday session of the Nagasaki prefectural assembly produced one question on why two rejected suitors for that Japanese community's tilt at having a casino resort had been complaining the request-for-proposal (RFP) phase was faulty. That is according to information collated by GGRAsia's Japan correspondent. Two assembly members belonging to the…

Politics ・ 16 September 2021

Smoky Mountain News

Indiana approves EBCI casino purchase

The Gaming Commission approved Caesars Entertainment's sale of Caesars Southern Indiana Casino & Hotel to EBCI Holdings LLC at an Aug. 18 business meeting, and closing is now expected to occur in September. "We are delighted to move forward with Caesars and expand our already successful portfolio," said R. Scott Barber, CEO of EBCI Holdings, the…

Gaming Authorities ・ 24 September 2021

Yogonet

The Indiana Gaming Commission approves Caesars Southern Indiana $250M sale

he Indiana Gaming Commission approved Wednesday, August 18 the sale of Caesars Southern Indiana casino to ECBI Holdings, a company run by the Eastern Band of Cherokee Indians tribe. Now cleared, the deal is expected to close at some point in the upcoming month. In December 2020, Caesars agreed to sell the casino to EBCI for $250 million. Caesars…

Gaming Authorities ・ 19 August 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

RELATED AFFILIATES

World Casino Directory

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

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

The Nevada Independent

Indy Gaming: Expanded multi-state online gaming may not benefit Nevada

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz The inclusion of Michigan into the…

Industry ・ 22 October 2022