By
Phil
4. January 2023
Aquis Entertainment is pleased to announce that Casino Canberra has been sold by Iris CC Holdings to Aquis Entertainment for AU$60.5m.
A further AU$2.5m has been placed in escrow and will be released to Aquis within nine months of completion. However, there are no warranties.
Allison Gallaugher, Aquis’ outgoing CEO and director, stated that the Board was pleased with this transaction. It provides substantial benefits for all parties. I’m excited as a CEO, employee and to be leading Casino Canberra under Iris. We look forward to building on the solid results and exploring the possibilities that Iris offers us.
After her departure as Aquis Director and CEO, she will be continuing as Casino Canberra CEO.
Aquis’ board has considered the possible use of proceeds from the sale as well as the future direction of Aquis.
Listed entity. It anticipates being able to take a decision and provide advice to shareholders in relation to
These matters must be completed by January 2023
