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Reef Casino ( (AU:RCT) ) has provided an update.
Reef Casino Trust has been informed that the suitability investigations by the Office of Liquor and Gaming Regulation for Iris Cairns Property Pty Ltd’s involvement in the casino operations in Queensland will not be completed before the current Offer Period ends on March 13, 2026. As a result, Iris plans to extend the Offer Period beyond May 31, 2026, to allow more time for these investigations, with a notice of variation to be lodged with ASIC and ASX. Unitholders are advised to review the forthcoming Supplementary Target’s Statement for further details.
The most recent analyst rating on (AU:RCT) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Reef Casino stock, see the AU:RCT Stock Forecast page.
More about Reef Casino
Reef Casino Trust operates in the gaming and hospitality industry, focusing on casino operations and management. It is managed by Reef Corporate Services Limited and is listed on the Australian Securities Exchange under the symbol RCT.
Average Trading Volume: 6,588
Technical Sentiment Signal: Buy
Current Market Cap: A$180.8M
Find detailed analytics on RCT stock on TipRanks’ Stock Analysis page.