Dec 12 (Reuters) - Aquis Entertainment Ltd AQS.AX :
* UPDATES ON CASINO CANBERRA REDEVELOPMENT PROPOSAL
* ACT GOVERNMENT HAS CONFIRMED THERE ARE POTENTIAL FUTURE BENEFITS FOR CANBERRA THROUGH A CASINO DEVELOPMENT
* ACT GOVERNMENT ADVISED THAT CO NOT IN POSITION TO PROGRESS CRRENT PROPOSAL AND HAS CEASED UNSOLICITED BID PROCESS
* RECENTLY, AQUIS, AQUIS CANBERRA HAVE RECEIVED PROPOSALS TO BUY CASINO CANBERRA OR TO BUY SOME OR ALL OF CONTROLLING STAKE IN CO