The Dream is over for Cairns —–AQUIS will not happen ——-Cairns will become a boutique Tourist destination for EUROPEAN BACKPACKERS who love diving, the Chinese wil go to Brisbane and the Gold Coast——–Aquis set back as Cairns Reef Hotel Casino takeover looks to fail after 13 out of 15 conditions ‘not fulfilled’ | Business News | Business and Finance News | | Cairns Post
One observer, who would not be named, said that there were doubts the deal would proceed. “There are two key conditions. One is probity and the other is 90 per cent acceptances,’’ he said. “90 per cent is less crucial but probity is. They could opt to waive probity but that is a requirement of the government of any buyer of a casino and its gaming licence.
“It all hinges on probity.’’
The analyst said the market would form its own view today.
An Aquis spokesman said that under disclosure restrictions, no comment could be made until today when a full explanation would be made by the compan