Is this rumor true?

On talkback radio a caller stated that he had heard from a fairly reliable source that Aquis is about to fade into the sunset.
It probably doesn't surprise too many people as it would appear that Co-Ordinator General may have found problem within the EIS report.
I have said previously that I didn't believe that it would go ahead because of a couple things that have come forward.
(1). The probity has not been passed and the numbers required for the take over the Reef Hotel Casino has not been reached.
(2). Finance seems to be a real problem and we are talking about $8.5 billion dollars and it would appear that no financial institution has come forward to support the project.
(3). A reminder of what the Co-Ordinator General said in a earlier report:

Mr Ford said the probity investigation started on March 5, not a year ago.
“Although significant progress has been made in the investigation, important financial information, including issues around its equity funding and future cash flows, remains outstanding from Aquis,’’ he said. “In addition, discussions with the Queensland Police Service and through them with international policing agencies, to finalise consideration of the reputation and criminal history of Aquis and its associates are yet to be finalised.
“The nature of casinos has made them targets for organised crime, both in their ownership and as a means of laundering ill-gotten gains. While this has never been an issue in Queensland it is important that the regulatory processes work to eliminate these risks as far as is possible.
“Obviously, there are a number of factors which affect the length of probity processes including whether the applicant has been similarly licensed elsewhere, their corporate structure and source of funds.
“I would note that Aquis has had little corporate history in Australia, has not been similarly licensed elsewhere and is sourcing a significant proportion of its funds from offshore.

Also a reminder of what the outgoing Tourism Tropical North Queensland Deputy Chairman James Dixon had to say:

He said the industry was in for a promising future, the best in many years, even if the proposed $8.15 billion Aquis integrated resort did not proceed.

So now we wait for the official word one way or the other.