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Aquis and Casinos Austria have agreed that the deal would no longer be conditional upon the takeover of RCT. Aquis said if the state government made a decision soon on whether to grant regulatory approval, it may reconsider a takeover of RCT in But any new offer would have to be negotiated with RCT, and the trust's main stakeholders - Casinos Austria and Accor.

A Hong Kong billionaire has put on hold plans to buy a casino in Cairns and build a nearby resort amid regulatory delays. Therefore, the offer is likely to lapse.

Canefields and casinos: Cairns at a crossroads Meet the Fungs: The family behind the casino A Hong Kong billionaire has put on hold plans to buy a reef casino trust takeover in Cairns and build a nearby resort amid regulatory delays. But Aquis reef casino trust takeover Monday said Queensland's Office of Liquor and Gaming Regulation was unable to meet a November 28 deadline for a decision on whether to grant regulatory approval for the proposed takeover.

The offer expires on November 28, and Aquis says it will not extend it. The news sent RCT shares plummeting by more than 30 per cent in morning trade. The Sydney Morning Herald. He also wants to build a six-star casino and resort at Yorkey's Knob, 15km north of Cairns.

Billionaire Tony Fung's plans to build world's biggest hotel in Cairns put on ice. Aquis said it was still committed to just click for source a major investor in Cairns and far north Queensland, and was continuing its work in progressing the resort development at Yorkeys Knob.

Aquis is also proposing to reef casino trust takeover Casino Https://nodownload.5d-cinema.ru/casino/hollywood-casino-columbus-closed.html from Casinos Austria.

However, the purchase of the Reef Hotel Casino was an important part of its development plan for the resort.