Chinese tycoon Tony Fung has offered to pay $214 million to buy Reef Casino Trust, which owns the only casino in Cairns, in a bid to enter . Australia's Reef Casino Trust surged 41 percent to six year highs on Wednesday after Chinese tycoon Tony Fung offered to buy all the units in the company, . The Reef Hotel Casino could merge with another firm in its bid to develop the $1 billion Cairns Global Tourism Hub. The Reef Hotel Casino and Casino Canberra takeover bid is expected to take up to nine months and won't affect staff numbers at either casinos. Reef hotel takeover bid hotel casino tony fung's aquis the reef.

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Aquis takeover bid for Reef Hotel Casino in Cairns sparks

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Aquis Group bids on Reef Hotel Casino

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Chinese tycoon bids for Cairns casino

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World's Biggest Hotel on Review as Aquis Drops Cairns

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Reef Hotel Casino among 3 firms shortlisted to develop

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Reef casino bid