Iris Capital managed to acquire Casino A financial transaction is in motion as Iris Capital agrees to purchase Casino Canberra for an impressive $42 million from Aquis. This price exceeds Iris Capital’s initial proposal by $2 million and sits nearly $3 million above an offer made by The Oscar Group last month. Nevertheless, the NSW government must approve the sale before it's finalized.
Casino Canberra sold for $43 million
Last update: June, 2024
- No Limit Texas Hold “Em
- 2/3 blinds / $100-$500 Buy-In (rake at 10%)
- Half Pot/Full Pot 7-Card Stud
- $5 Blind – $200 minimum Buy-In
- Pot Limit Omaha
- 1/2 blinds / $200 – unlimited Buy-In
- Fixed Limit Manila
- 5/5 – 10 Optional – $200 minimum Buy-In
- Faro Poker
- 5/5 – 10 Optional – $200 minimum Buy-In
Alongside the Poker Pit, Casino Canberra features a lively sports bar equipped with a large screen, ideal for sports betting aficionados.
While Casino Canberra showcases a variety of popular games, it does not possess a license for slot machines or similar gambling devices. pokies When Aquis took over Casino Canberra in 2014, there were intentions to seek approval for up to 500 slot machines; however, this authorization was never granted. In 2019, they did manage to secure a permit for just 200 machines.
The fate of the transaction is still uncertain, with multiple stakeholders needing to greenlight the agreement before it can proceed. A spokesperson from Aquis noted, “The board is deliberating on the optimal use of the proceeds, including evaluating new business ventures, debt repayment, and potential funds distribution to shareholders.”
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