Wednesday, October 8, 2014

Aquis: Junket to Macau

Junkets to Macau usually comprise gamblers from China. The recent media and business junket from Cairns to Macau may not have involved much high roller gambling but certainly generated plenty of PR blather which included at least the following generated by recipients of a freebie on the Aquis jet:

Nick Dalton, Cairns Post: Aquis delayed until 2016 ; $40m splurge on Reef Casino; French colossus eyes AquisAquis to generate bonanza for local firms; Fung reveals big Aquis drawcards;

Peter Michael, Sunday/Courier Mail: $8billion gamble on Cairns casino; Hong Kong’s Tony Fung hopes for approval for his $8.15 billion Aquis gambling complex near Cairns

Kristian Silva, Brisbane Times: Canefields and casinos: Cairns at a crossroads; Junkets 'crucial' for proposed Cairns casino; Meet the men behind the Aquis casino

John Mackenzie, 4CA: "blah, something, something, blah"

The timing of the media assault, which saw Nick Dalton achieve new levels of hyperbole and sycophancy, is interesting. Perhaps it had something to do with this concurrent report at The Australian: Queensland ready to roll dice again on casino bids
THE Queensland government has put on notice the two Chinese-backed companies vying to build multi-million-dollar regional casino developments, warning that it could issue a fresh round of gaming licence tenders if proposals do not meet its requirements.         
Queensland Deputy Premier Jeff Seeney said the government would consider reissuing bids for an integrated resort licence if the short-listed regional proponents failed to meet the probity and government requirements.
Mr Seeney said the ASF Consortium’s $7.5 billion Gold Coast Broadwater development and Tony Fung’s $8.15bn Aquis resort north of Cairns faced challenges.
“If one or more than one of those proposals is not successful in meeting the criteria, then it is likely that the government would go back to the market,” he said.
“It would be opened up again in another market-based process for proponents to put forward expressions of interest.”
Mr Seeney said the regional proponents had challenges.
 
There is no challenge which can not be overcome with a frenzy of media hype. Business representatives on the Junket to Macau apparently included Advance Cairns, Cairns Chamber, and TTNQ with the full flight passenger manifest still unconfirmed.
 
Peter Michael, the FNQ correspondent for the Courier-Mail, managed to surpass Nick Dalton for numerical inaccuracy with a report which included a Macau growth number now 4 months out of date before the recent downturn, and an Aquis high roller estimate which either misunderstands the distinction between gaming turnover and revenue or has misplaced a decimal point.

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