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| Tony Fung |
http://www.cairnsvideonews.com/2015/08/gold-coast-investor-tony-fung-floats.html
This is what Justion Fung stated on ABC radio June 23, 2015:
http://www.cairnsvideonews.com/2015/06/justin-fung-interview.html
The Fungs walked away from the Reef Casino and blamed the Qld State Government for not acting quickly when in fact they (Fungs) failed to attend three formal meetings and also failed to complete the probity and one has to ask the sensible question of "What are their intentions?".
This whole saga is becoming so laughable that it is not funny and is it any wonder the majority of residents in Cairns are now saying "GO AWAY MR FUNG WE DON'T NEED YOU".
This is what was reported in the Cairns Post on Saturday December 26, 2015 and it was so important it was printed on page 7:
THE multi-billion-dollar Aquis Great Barrier Reef mega-casino
resort project is set for a new lease of life following a decision by the Fung
family to pull out of a major deal on the Gold Coast.
Aquis has axed a proposal to buy the Sheraton Mirage Resort and Spa at Main
Beach for $160 million. Plans were for a redevelopment including a casino.
An Aquis spokesman said withdrawing from the Sheraton deal meant a renewed focus on the Yorkeys Knob project. He said the Cairns development was now its only casino proposal in Queensland.
Senior executives, including new Aquis Entertainment chief executive Aaron Gomes, met in Hong Kong this week to discuss plans for 2016, including Yorkeys Knob. The Sheraton deal fell over after the groups left the negotiating table. The spokesman said they had been negotiating with the vendors since May over conditions for the sale.
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| Sheraton Mirage |
An Aquis spokesman said withdrawing from the Sheraton deal meant a renewed focus on the Yorkeys Knob project. He said the Cairns development was now its only casino proposal in Queensland.
Senior executives, including new Aquis Entertainment chief executive Aaron Gomes, met in Hong Kong this week to discuss plans for 2016, including Yorkeys Knob. The Sheraton deal fell over after the groups left the negotiating table. The spokesman said they had been negotiating with the vendors since May over conditions for the sale.
“However, the parties have been unable to agree acceptable terms and Aquis
has elected to withdraw from the acquisition,” he said.
In May, Aquis announced plans to replace the Skase-era beachfront resort with a largescale integrated resort and casino development, saying the company was open to discussions with neighbouring property owners about a possible combination of projects.
Director Justin Fung earlier this year suggested the project may not go ahead if a casino licence could not be secured.
Rival developer ASF, which has secured state land next to the Southport Yacht Club at Main Beach, has first right of refusal for the only available Gold Coast licence.
Aquis has re-entered the Integrated Resort Development process for Yorkeys Knob which involves providing a detailed proposal and negotiating a gaming licence, a casino agreement and probity with the Queensland Government.
It is about time the government whether it's ALP or LNP said enough is enough and send them on their merry way, we already have the Reef Hotel/Casino why do we need another 2 casinos making a total of three casinos in Cairns.
In May, Aquis announced plans to replace the Skase-era beachfront resort with a largescale integrated resort and casino development, saying the company was open to discussions with neighbouring property owners about a possible combination of projects.
Director Justin Fung earlier this year suggested the project may not go ahead if a casino licence could not be secured.
Rival developer ASF, which has secured state land next to the Southport Yacht Club at Main Beach, has first right of refusal for the only available Gold Coast licence.
Aquis has re-entered the Integrated Resort Development process for Yorkeys Knob which involves providing a detailed proposal and negotiating a gaming licence, a casino agreement and probity with the Queensland Government.
It is about time the government whether it's ALP or LNP said enough is enough and send them on their merry way, we already have the Reef Hotel/Casino why do we need another 2 casinos making a total of three casinos in Cairns.
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