An Australian-based Casino Canberra has just announced that it has hit its highest gaming revenue after nine years in operation. Hong Kong-based Aquis Entertainment, which operates Casino Canberra, updated the market outlining that, Canberra’s gross gaming revenue in October was $2.4 million, which increased by 62% in September and 80.4% jump in October 2014.
Hong Kong gaming billionaire and Casino Canberra new owner, Tony Fung, bought the casino from Casinos Australia for $6m last year December with 39 gaming tables and two bars. In April he announced his plans of listing the casino on the Australian Securities Exchange through Aquis Entertainment which was changed from Discovery Resources.
The expansion of the Casino Canberra
The casino is planning to expand, if its $330m redevelopment of the casino is approved, the new company will have two new additional hotels with a 100-room five star hotel, dining, one boutique 12 suite six-star resort, retail precinct, and a 330 square meter extension to the National Convention Centre.
As part of the $330m redevelopment of the casino, Andrew Barr, Chief Minister, announced that he is considering ending the ban on poker machines at the Casino Canberra. The casino has reportedly claimed that an additional of 750 000 tourists would visit Canberra each year. It will also create 400 jobs and return an impressive $60million in tax revenue.
