Aquis Unveils $330 Million Casino Canberra Redevelopment


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;

  • Luxury accommodation including 12, 6-star villas and 100-suite, 5-star hotel;
  • 3,300 sqm extension to the National Convention Centre;
  • A world-class dining and entertainment precinct including internationally renowned brands;
  • Luxury retail shopping mall;
  • Day spa and resort facilities;
  • Expanded faming offering, including international standard VIP gaming facilities;
  • Increased car parking and new road access; and
  • Revitalised City Walk

Research conducted by Deloitte Access Economics demonstrated significant economic gains from the construction and ongoing operation of an upgraded Casino Canberra. This includes:

  • an increase in Gross Territory Product of up to $61 million per annum
  • the creation of around 200 full-time jobs during construction
  • the creation of up to 420 new jobs ongoing
  • significant tourism benefits with up to 726,000 new visitors per annum
  • significant new tax revenue to the ACT Government

"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.

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