Tony Fung keeps promising more and more jobs for Cairns through Aquis, but you need to be truly naive to believe the figures.AQUIS boss Tony Fung has been blamed for holding up the probity investigation of the Reef Hotel Casino takeover by missing three formal interviews with Queensland... Chinese tycoon to bid for Australian casino business -… SYDNEY, Nov 13 (Reuters) - Chinese tycoon Tony Fung has offered to pay A$214 million ($199 million) to buy Reef Casino Trust, which owns the only casino in the Australian city of Cairns near the Great Barrier Reef, in a bid to enter the country’s gambling and tourism market. A Hong Kong Billionaire Is Making A Bid For Casinos In… Tony Fung, a Hong Kong-based billionaire, is reportedly making a play for two Australian casinos — in Canberra and Cairns. A report in the Australian Financial Review says a statement will be lodged by Reef Casino Trust later today, confirming an offer has been made. GGRAsia – Reef Casino acquisition clears all federal…
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Nov 13, 2013 ... Reef Casino Trust (ASX: RCT) shares have soared by 44% in mid-morning ... received a takeover offer from Hong Kong billionaire Tony Fung. Reef Casino Trust sinks 35%: Could this be time to buy? | Motley Fool ...
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The Reef Hotel Casino or Pullman Reef Hotel Casino is the only casino in Cairns, Queensland. The hotel has 128 hotel rooms[1] and is jointly owned by Casinos Austria International Limited and Accor Casino Investments (Australia) Pty.
A bet by Hong Kong's Tony Fung on Australia's gambling industry hit a snag as regulators expressed concern that his plans could harm competition.Mr. Fung's Aquis Reef Holdings in February agreed to acquire Reef Casino Trust, which owns a casino near the Great Barrier Reef, for 216.8 million...