Thursday 24. December, 2015

Aquis and Sheraton Mirage Negotiations End Unsuccessfully

The expected $160 million deal for Aquis to acquire the Sheraton Mirage Resort and Spa at Main Beach on the Gold Coast has come to an abrupt end. Just two weeks ago, the casino group assured speculators that the deal would go forward and that the deal was close to being announced; however, they have now left the negotiating table in Hong Kong for good.

Negotiations for the sale had been underway since May; however, according to David Higgins, MiiGroup Director of Sales and Marketing, there were key issues that the companies could not agree upon and Acquis has withdrawn.

The property, which sits on two plots of leasehold land that was owned by the State Government and the Gold Coast City Council, was acquired by Mii Group (then Pearls Australasia) in 2010 for $62.5 million. Aquis announced in May that it planned to redevelop the site after its acquisition, replacing the resort with an integrated resort and casino development. The project hinged largely on securing a casino license for the resort with Director Justin Fung stating in June that the plans may not go ahead if the license was not obtained.

“I can’t sell a half-finished product,” Fung stated.

Now, the deal is off the table and with it go Aquis’ plans for their major development on the Gold Coast.

“Aquis is continuing to progress a number of other projects in Australia, including a major upgrade of Casino Canberra, the Aquis Great Barrier Reef Resort at Yorkeys Knob in Far North Queensland and a number of other projects on the Gold Coast,” spokesman for the Fung family who owns Aquis said.

“Aquis remains committed to Australia and progressing these opportunities.”


All new Australian players get 130 free spins and bonuses up to €1000 on the first three deposits.


Get 30 free spins and 4 welcome bonuses to a total value of $1400 as a new Australian customer!


New Australian players get 35 free spins on Spiñata Grande and a 100% welcome bonus up to $200!

400% BONUS

As a new Australian customer, deposit €100 and you will get €500 to play for!


Get a €10 exclusive bonus on your first depost and get 10% top-up on your winnings or 10% cashback on your losses the first week.


Get 50% of the deposit you make in free spins! Deposit $400 in order to get 200 free spins! Also, 100% bonus on your first deposit!

$500 BONUS

Join All Australian Casino and get a 100% bonus up to $500 as a new Australian customer!


As a new Australian player, you get 50 free spins and a 200% welcome bonus!


Get up to $1000 in bonus on your first four deposits. Also, 180 free spins to all new Australian players!


Get 100 free spins on Starburst and a first deposit bonus worth up to $400 as a new Australian player!

PokiesPedia was last updated:
April 16, 2017

Receive 100 Free Spins Now!

Receive 100 Free Spins Now!

Join our mailing list to receive 100 free spins instantly and the best bonus offers for Australians!

You have Successfully Subscribed!