Reef Casino ( (AU:RCT) ) has provided an announcement.
Reef Corporate Services Limited, as the responsible entity of Reef Casino Trust, has received a non-binding proposal from Iris Hotel Group to acquire 100% of the units in Reef Casino Trust, including its operating entity, Casinos Austria International (Cairns) Pty Ltd. The board has granted Iris a four-week exclusive due diligence period to explore the proposal, although discussions are still in preliminary stages and may not lead to a transaction. The company remains committed to keeping the market informed as per its disclosure obligations.
More about Reef Casino
Reef Casino Trust operates within the hospitality and gaming industry, primarily focusing on managing and operating the Reef Hotel Casino in Cairns, Australia. The company is involved in providing entertainment and gaming services, catering to both local and international visitors.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $86.25M
See more data about RCT stock on TipRanks’ Stock Analysis page.