Aquis to review Cairns project after casino bid falls through

Hong Kong

AQUIS Group, the developer that's planning to build the world's largest hotel in the tropical Australian city of Cairns, has put the project on review after a related casino takeover fell through.

Aquis "will be undertaking a strategic review of its plans and development timetable over the coming months", the developer said in a regulatory statement on Monday. Its related offer for Cairns' Reef Casino Trust has not received all the regulatory approvals it needs and "will likely lapse" on Nov 28, Aquis said.