Two months after unveiling plans for a $330 million redevelopment, Hong Kong-based Aquis Entertainment reported gross gaming revenue of $2.4 million for last month, a 62 per cent increase on September results.

The revenue represents an 80.4 per cent jump on October 2014 figures of $1.3 million.

Billionaire gambling mogul Tony Fung bought the loss-making business for $6 million from Casinos Australia in December 2014. Its city casino site includes 39 gaming tables and two bars.

Announcing the record revenue in a trading update to the Australian Securities Exchange, Aquis said on Tuesday that expenses for its gaming department had been broadly steady, month on month.

Aquis wants to build a resort-style entertainment, dining and retail precinct around a redeveloped casino, but has told the ACT government the project's viability hinges on a long term ban on poker machines being lifted. Currently only Canberra's clubs can operate poker machines.

Chief Minister Andrew Barr said he would consider lifting the ban as part of the proposal, which could see an additional $60 million a year in taxes added to the government's coffers.

Claims by the company that the redevelopment would see an additional 750,000 tourists and high-end Chinese gamblers visit Canberra each year were rubbished by academics and the clubs sector.