Aquis Entertainment set for best day in over 10 months on casino sale

Aquis Entertainment

12/05/2022 06:06

** Shares of the Australian gaming and hospitality co
 AQS.AX  gain as much as 39.3% to A$0.195
    ** Aquis Entertainment's stock on track for its best day
since last June 
    ** Co signs share purchase agreement with Capital Leisure
and Entertainment for sale of unit Aquis Canberra, including
primary asset Casino Canberra  urn:newsml:reuters.com:*:nASX7fwFRP
    ** Says deal for A$52 mln ($35.90 mln) on a
debt-and-cash-free basis  
    ** Shares hit their highest since April 28
    ** More than 233,000 shares change hands, compared with the
30-day average volume of about 26,000 shares 
    ** Stock down 6.7% this year, as of last close

     ($1 = 1.4484 Australian dollars)

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com;))