Here we go again ... Tony Fung sends a letter

After leaving Cairns without notice Tony Fung has sent a " letter" to residents but unfortunately most who supported him now don't or are not interested in Aquis and you can't blame them except for a couple politicians present and past and businesses like the Chamber of Commerce, Advanced Cairns and TNTQ.

http://www.cairnspost.com.au/news/cairns/tony-fung-committed-to-815bn-aquis-project-in-open-letter-to-the-cairns-community/story-fnjpusyw-1227323707563



This business person has failed Cairns residents and the state government by failing to attend "3 formal meetings" and also failed "to complete the probity requirements" and again one has to ask WHY.

The proponent was always blaming the former LNP government for not fast tracking and agreeing to he wanted and that was to give him a casino licence and push through the probity requirements but they said "NO" we are not going to rush things through we are going to make sure that all requirements are examined thoroughly and only then will we consider a licence.

So Tony Fung disappears and ends up in Canberra purchasing the Canberra Casino for an amount of $6 million dollars, the casino does not have poker machines and the Local Government has a bill being presented to further reduce the poker machines in the ACT.

Another concern is that : HONG KONG tycoon Tony Fung’s listing of his Canberra casino on the Australian sharemarket is not expected to affect his proposed $8.15 billion Aquis mega resort in Cairns.

He is using the Namibian oil and gas explorer Discovery Resources to join the market in a backdoor listing.

Already listed, Discovery will change its name to Aquis Entertainment after all its shares go to Mr Fung.

But in confusing messages, an Aquis Entertainment Group statement to the Australian Securities Exchange, said: “Following completion of the transaction the company will seek to implement a number of initiatives including a significant redevelopment of the Canberra casino and consideration of other potential projects in Queensland and elsewhere.”


http://www.cairnspost.com.au/business/tony-fung-floats-canberra-casino-on-australia-share-market/story-fnjpusdv-1227308927956

Using the back door does not sound good business practice but then money is the word and it's got to come from somewhere.
Tony Fung time to pack up take your casino elsewhere, build it on East Trinity why destroy such a quiet area the whole northern beach area doesn't need this monstrosity.