Listed gaming group Aquis Entertainment Limited has today released its plans for a $330 million redevelopment of Casino Canberra in the ACT.
The two-stage proposal will transform the current Casino Canberra and surrounding precinct into a world-class leisure and entertainment destination with a range of new and enhanced features, including;
Research conducted by Deloitte Access Economics demonstrated significant economic gains from the construction and ongoing operation of an upgraded Casino Canberra. This includes:
"Our Canberra based architects, Cox, have designed an innovative solution that takes into account the size and characteristics of the site, while delivering on our vision for an integrated entertainment precinct and a revitalisation of the City South area," Mr Fung said.
"The new Casino Canberra has the potential to provide much needed activation of the CBD and start the important process of connecting the city to the lake."Aquis lodged its development proposal with the ACT Government in August under the Territory's Unsolicited Proposals framework and has commenced discussions with the govenment across a range of regulatory approvals.
The proposal is subject to further discussions with the ACT Government, financing and regulatory approvals.