Tuesday, March 4, 2014

Still no Tony?

The Cairns Post has reported that Aquis has received FIRB approval to purchase the land at Yorkeys Knob, currently subject to an option. I'm not sure that was ever subject to any doubt anyway? I'm more curious of status and what happened to the initial EIS which is now required to be resubmitted and was never released?

The Post now reports that the Fungs will seek to split the Reef Casino licence with Aquis, while the application process for one of the other two regional licences will be pursued "as a backup". This seems to differ from the intention reported prior to the Premier's visit last week?

The tax regime for any split and the two regional proposals will be of interest. The Reef Casino is currently taxed concessionally compared to the larger venues in Brisbane and Gold Coast. It's difficult to see why all these proposals should not be taxed uniformly?

Meanwhile Forbes Magazine has featured their rich list including including Crown Casino's James Packer at #208 lamenting the failure of his private life: Inside The 2014 Forbes Billionaires List: Facts And Figures

There are 1,565 global billionaires listed but still no Aquis Fungs? Hong Kong billionaires

Note: The FIRB Annual Report (pdf) was also released last week.

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