{"id":3280,"date":"2018-03-12T11:41:30","date_gmt":"2018-03-12T11:41:30","guid":{"rendered":"https:\/\/www.top10casinowebsites.net\/news\/?p=3280"},"modified":"2018-07-23T14:31:17","modified_gmt":"2018-07-23T14:31:17","slug":"canberra-casino-to-proceed-with-makeover-despite-making-loss-in-2017","status":"publish","type":"post","link":"https:\/\/www.top10casinowebsites.net\/news\/canberra-casino-to-proceed-with-makeover-despite-making-loss-in-2017\/","title":{"rendered":"Canberra Casino To Proceed With Makeover Despite Making Loss In 2017"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.top10casinowebsites.net\/wp-content\/uploads\/2017\/06\/aquis-casino-canberra.jpg\" alt=\"Proposed New Look for Canberra Casino\" width=\"300\" class=\"alignright size-full\" \/>Hong Kong based <strong>Aquis Entertainment<\/strong> is willing to bet millions on the fact that Australian\u2019s love to gamble and it is just a matter of time before their Canberra Casino experiences a turnaround. <\/p>\n<p>Billionaire developer <strong>Tony Fung<\/strong> <a href=\"http:\/\/casinocanberra.com.au\/\">bought the Canberra Casino for A$6 million in 2014<\/a> and had big plans to re-develop the property and turn it into a money making machine in the Australian\u2019s capital.<\/p>\n<p>Canberra Casino has struggled a lot over the last couple of years and reports from 2017 show that the <strong>casino suffered losses of $13.8 million<\/strong>. These results are worse when compared to 2016 when the casino lost A$7.7 million.<\/p>\n<p>When Aquis bought the casino in 2014, Tony Fung knew that in order to make money he would have to <a href=\"https:\/\/www.top10casinowebsites.net\/slots\">get more pokie machines operating<\/a> and give the property a facelift. He has been unable to do this so far as there has been a lot of opposition from local clubs and bars who also offer pokie machines.<\/p>\n<p>However the Aquis Entertainment does have a lot of pull and succeeded in getting licenses for 200 pokie machines. The losses have not deterred <a href=\"https:\/\/www.top10casinowebsites.net\/news\/aquis-entertainment-gets-greenlight-to-discuss-casino-redevelopment\/\">Aquis Entertainment from sticking to its plan to invest A$330 million<\/a> to give the casino a complete makeover.<\/p>\n<p><strong>Casino Canberra <\/strong><\/p>\n<div style=\"position:relative;height:0;padding-bottom:56.25%\">\n<iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/ryQZzas0qRY?rel=0&amp;showinfo=0?ecver=2\" width=\"640\" height=\"360\" frameborder=\"0\" style=\"position:absolute;width:100%;height:100%;left:0\" allowfullscreen><\/iframe>\n<\/div>\n<h2>Aquis Entertainment Will Proceed With Makeover<\/h2>\n<p>The makeover is expected to completely transform Canberra Casino and turn it into a world-class facility. The makeover will see two luxury hotels being added, high end retail outlets along with restaurants and bars. The new Canberra Casino will offer its patrons a number of gaming and non-gaming options that is expected to boost overall revenue for the property.<\/p>\n<p>Aquis Entertainment has continued to work with the government to iron issues that will enable the casino operator to proceed with the makeover process.<\/p>\n<p>In a statement, Aquis Entertainment said <\/p>\n<blockquote><p>Legislation has been enacted to allow 200 electronic gaming machines to operate within the casino. Planning continues for the redevelopment of Casino Canberra into a world class, multi-faceted establishment and discussions with the government will continue throughout 2018 surrounding details of the legislated requirements for the machines.<\/p><\/blockquote>\n<p>The Hong Kong based company will use its influence in Asia to get Asian gamblers to visit the property. This was made easier after <a href=\"https:\/\/www.qatarairways.com\">Qatar Airlines<\/a> started operating direct flights from <strong>Singapore<\/strong> to Canberra. The move is expected to boost tourism in Canberra and visitations to Canberra Casino.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong based Aquis Entertainment is willing to bet millions on the fact that Australian\u2019s love to gamble and it is just a matter of time before their Canberra Casino experiences a turnaround. Billionaire developer Tony Fung bought the Canberra Casino for A$6 million in 2014 and had big plans to re-develop the property and [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-3280","post","type-post","status-publish","format-standard","hentry","category-australia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Canberra Casino To Proceed With Makeover Despite Making Loss In 2017<\/title>\n<meta name=\"description\" content=\"Aquis Entertainment is willing to bet millions on its plan to give the Canberra Casino a complete makeover despite making A$13.8 Million Loss In 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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