Tony Fung | World Casino News

Uncertainty surrounds Casino Canberra redevelopment plan

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...

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

Renee Kingsley

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 ...

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...

Canberra casino opens to the public after $14 million makeover is completed

Renee Kingsley

June 10, 2016

Latest Casino and Gambling News

Hong Kong based Aquis Entertainment invested $14 million into the Canberra casino to give the casino a complete makeover. The company teamed up with Cox Architecture to throw a launch party on June 9th as the c...

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...

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...

The chamber of commerce and industry Queensland wants to fast track the Aquis Resort Casino plan

Renee Kingsley

May 26, 2015

Latest Casino and Gambling News, Australia, Casino openings, Gaming Industry News, Licenses, Oceania Casino News

The Aquis Great Barrier Reef Resort is scheduled to be constructed in Yorkeys Knob, Cairns, Queensland at an estimated cost of around $8 billion. This mega casino resort has currently passed all environmental c...

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 ...

Hong Kong billionaire given green light by Aussie casino regulators

August 27, 2014

Latest Casino and Gambling News, World Casino News, Asian Casino News, Oceania Casino News

Australian Gambling - Hong Kong billionaire Tony Fung is one step closer to his dream of building Australia’s most lavish resort after winning approval to purchase a neighbouring casino. The Australian Compe...