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AQS - Aquis Entertainment

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Discovery Resources Limited (DIS) was incorporated on 13 December 2010 for the primary purpose of identifying exploration projects in Africa and elsewhere with the aim of discovering commercially significant mineral deposits.

While the Company's initial exploration focus will be on rare earth element mineralisation (REE), the Company will also review the potential for various other commodities.

On 8 April 2011, the Company acquired 100% of the share capital of Solarwind Investments (Pty) Limited, a company registered in Namibia. Solarwind currently has a 100% interest in a number of granted tenements (consisting of exclusive prospecting licences (EPLs) EPL 14/2/1/4/2/3824, 14/2/1/4/2/3825, 14/2/1/4/2/3764, 14/2/1/4/2/4135 and 14/2/1/4/2/4136) (Licences) which comprise the Projects. These are located in the Karas/Karasburg, Kunene/Opuwo and Erongo/Omaruru regions and districts in Namibia.

http://www.discoveryresources.com.au
 

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On August 24th, 2015, Discovery Resources Limited (DIS) changed its name and ASX code to Aquis Entertainment Limited (AQS).
 
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Recent interest in this casino operator may be due to speculation that the controlling stake bought by Blue Whale may be finally approved by regulators. Some background;
  • AQS operates Casino Canberra having refurbished it in 2016 for $13.6M
  • In FY18 they turned around the EBITDA from a $4.7M loss to a $625K profit with further revenue streams such as food/beverage and operational efficiencies expected.
  • Blue Whale is an investment vehicle for iProsperity group (Michael Gu); an active real estate group backed by Asian ultra HNWI's.
  • Blue Whale has experience running both resort, hotel and entertainment venues. More importantly though, they have a stake in the neighbouring Crowne Plaza hotel and the soon to start $50M Holiday Inn Express development in Canberra.
  • The expectation is to coordinate marketing and drive traffic between venues. I speculate VIP packages and encouraging high roller patronage seems sensible given the international airport in Canberra and Blue Whale/ IPG's investor base.
 

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