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The Canberra Times
The Canberra Times
National
Lanie Tindale

Casino Canberra requests trading be halted

Casino Canberra is expected to change hands. Picture: Martin Jones

Casino Canberra is rumoured to be changing hands following a request to take it off the Australian Securities Exchange.

Aquis Entertainment Limited, which owns the casino, has requested trading be halted until July 4 with more information expected in the coming days.

It comes after the Hong Kong-based owners of the casino announced in May a plan to sell the business for $52 million to Sydney pubs and hotels company Oscars Group.

Aquis said Oscars Group would gain all of the shares in the casino's holding company for $52 million on a debt and cash free basis.

Oscars Group owns hotels in Sydney, Newcastle, Wollongong and Brisbane, along with pubs across Sydney. The group was founded in 1986.

More to come.

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