TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Reef Casino ( (AU:RCT) ) has shared an update.
During the 2025 Annual General Meeting, Reef Casino Trust announced several board changes, including the appointment of a new Chair and other key positions. The Trust reported a stable financial performance for 2024, with total revenue of $25.5 million, primarily from rental income, despite higher operational costs. The Trust declared a total distribution of 20.42 cents per unit for 2024, reflecting its strong financial health and commitment to returning profits to unitholders. Additionally, the Trust renegotiated its loan facility, maintained a healthy balance sheet, and invested in capital expenditures to enhance its offerings and ensure sustainable operations.
More about Reef Casino
Reef Casino Trust operates within the hospitality and gaming industry, primarily focusing on managing and deriving rental income from the Reef Hotel Casino complex in Cairns. The Trust’s operations are centered around providing gaming, hotel, and food and beverage services, with a significant emphasis on local and domestic patronage.
Average Trading Volume: 12,392
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$173.3M
See more data about RCT stock on TipRanks’ Stock Analysis page.