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The Canberra Times

National

Jasper Lindell

Casino Canberra to be sold to Sydney company

Sydney Aquis Entertainment Oscars

The Hong Kong-based owners of Casino Canberra have announced a plan to sell the business for $52 million to a Sydney pubs and hotels group.

Aquis Entertainment Limited told the Australian Securities Exchange earlier this month it intended to sell the casino pending shareholder approval to a company owned by the Oscars Group.

Oscars Group would gain all of the shares in the casino's holding company for $52 million in a debt and cash free basis. No employees would be affected by the sale, the company said.

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