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Reef Casino Trust says Queensland approvals may miss March 2026 takeover deadline

Business

Reef Casino Trust said Queensland suitability investigations for Iris Cairns Property’s takeover bid are expected to continue until the end of May 2026, after the offer is due to close in March. The approvals are a condition of the bid; Iris has indicated it plans to extend the offer period beyond 31 May, with the extension’s length still undecided.

The timing of Queensland’s approvals could determine whether Iris’s takeover offer proceeds or needs an extension.

End-of-day close Reef Casino Trust (RCT), AUD, to 9 January 2026
Story date13 October 20259 January 2026

Latest reported results

Reef Casino Trust ASX: RCT

Financial year ended 31 December 2025

Revenue
AUD 26.6m
Operating income
AUD 10.9m

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