Search Results for: "Tony Fung"

Hong Kong billionaire Tony Fung cancels plan to build $8 billion Great Barrier Reef Casino Resort

August 21, 2016

Latest Casino and Gambling News, Australia, Casino project updates, Licenses, Macau

Hong Kong billionaire Tony Fung recently confirmed that his firm has decided to drop the plan of developing the Aquis Great Barrier Reef casino resort in Cairns. Fung and his team had worked on the project for ...

Tony Fung acquires Gold Coast Sheraton Mirage; wants to integrate casino

Sam Mitchell

May 6, 2015

Latest Casino and Gambling News, Casino proposals, Australia, Casino News

Tony Fung, Hong Kong billionaire, is expanding into Queensland according to media on May 6, 2015. He acquired the Sheraton Mirage to turn it into a hotel casino on the Gold Coast of Australia. The purchase pric...

Tony Fung to list Canberra Casino on ASX with Discovery Resources

Sam Mitchell

April 20, 2015

Latest Casino and Gambling News, Australia, Casino News, Mergers, Acquisitions & Partnerships

Discovery Resources is acquiring Canberra Casino in a move to enter the entertainment industry from its current position in the natural resources sector. The acquisition will lead Discovery Resources to change ...

Fung Sr confident Cairns casino will happen

K Morrison

August 17, 2015

Latest Casino and Gambling News, Casino proposals, Australia, Casino News, New Hotels, Licenses, Mergers, Acquisitions & Partnerships

It may be a “two birds with one stone’ scenario for Justin Fung if the Queensland government approves his proposal for an $8 billion resort casino in Cairns, and is granted a Gold Coast casino license for the b...

Aquis Entertainment Limited remains keen on Casino Canberra redevelopment

Adam Morgan

May 17, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Australia, Casino News, Casino expansion projects, New Hotels, Gaming Industry News, Economy/Finance

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 cou...

Uncertainty surrounds Casino Canberra redevelopment plan

Adam Morgan

April 16, 2018

Latest Casino and Gambling News, Gaming Law & Legislation, Australia, Casino News, Casino project updates, Licenses

In Australia, the government for the Australian Capital Territory (ACT) has reportedly declared that it is only prepared to continue supporting the $257 million plan to redevelop Casino Canberra if the firm beh...

Proposed legislation would grant Casino Canberra the right to offer slots

Adam Morgan

August 28, 2017

Latest Casino and Gambling News, Gaming Law & Legislation, Australia, Casino News

In Australia, last week reportedly saw a local Australian Capital Territory (ACT) politician propose legislation that could see Casino Canberra permitted to operate up to 200 slots as well as 60 fully-automated...

Annual net loss at Casino Canberra grows despite rise in revenues

Adam Morgan

March 15, 2017

Latest Casino and Gambling News, Australia, Casino expansion projects, Economy/Finance

In Australia, Casino Canberra has reportedly released its financial results for 2016 showing that its loss has widened to approximately $5.9 million while it is now standing in a negative net asset position wit...

Queensland Treasurer believes Cairns has opportunity to gain forfeited Aquis casino license

Renee Kingsley

September 10, 2016

Latest Casino and Gambling News, Casino proposals, Australia, Licenses

Hong Kong based billionaire Tony Fung was preparing to invest billions into the Aquis Great Barrier Reef integrated casino resort in Yorkeys Knob but suddenly decided to abandon plans of building a casino. Inst...

Aquis Great Barrier Reef Resort developer happy to comply in new investigation

Adam Morgan

August 8, 2016

Latest Casino and Gambling News, Australia, Casino project updates

In Australia, the developer behind the stalled Aquis Great Barrier Reef Resort project has revealed that he is happy to comply with a renewed investigation into his business affairs despite dropping out of a pr...

ClubsACT not happy over government decision to offer 200 pokie licenses to Canberra Casino

Renee Kingsley

May 10, 2016

Latest Casino and Gambling News, Australia, Casino project updates

ClubsACT expressed their disappointment over the Australian Capital Territory (ACT) government’s decision to award 200 pokie licenses to the Canberra casino which was purchased in 2015 by Hong Kong based firm A...

ACT Government permits Canberra casino to operate only 200 pokie machines

Renee Kingsley

May 6, 2016

Latest Casino and Gambling News, Australia, Casino project updates

Aquis Entertainment Limited bought the Canberra casino back in 2014 and the company’s chairman, Hong Kong billionaire Tony Fung, informed the Australian Capital Territory (ACT) government in 2015 that the compa...

Aquis creates Chinese partnership to finance Great Barrier Reef Resort

Sadonna Price

March 18, 2016

Latest Casino and Gambling News, Australia, Casino project updates

Tony Fung, a business tycoon of Hong Kong, has announced a new partnership with two development companies of China that seem to be willing to help finance the Aquis Great Barrier Reef Resort. The Yorkeys Knob p...

Queensland treasurer confirms progress of Aquis Great Barrier Reef Resort

Renee Kingsley

September 22, 2015

Casino proposals, Australia, Hong Kong, Asian Casino News, Oceania Casino News

Hong Kong business tycoon and billionaire Tony Fung Wing Cheung had earlier committed to investing significantly into Australia as he believed the casino industry down under had enormous potential. Fung had com...

Queensland locals meet Premier Annastasia Palaszczuk and push for Keppel Island casino licence

Renee Kingsley

May 26, 2015

Casino proposals, Australia, Casino News, Gaming Industry News, Licenses, Oceania Casino News

The brick & mortar casino industry is Australia is growing at a rapid pace as some of the premier casino brands look to establish and expand their presence down under. Melbourne and Sydney might be the two ...