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Reef Casino Trust Engages in Confidential Talks Over $200m+ Acquisition Proposals

4:55am on Monday 2nd of June, 2025 AEST Real Estate Investment Trusts
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Reef Casino Trust Engages in Confidential Talks Over $200m+ Acquisition Proposals

4:55am on Monday 2nd of June, 2025 AEST
Key Points
  • Reef Corporate Services Limited negotiating with Iris Hotel Group and Morris Group
  • Both proposals exceed A$200 million in total valuation
  • Value allocated to Reef Casino Trust units is below A$200 million
  • Discussions remain confidential, non-binding, and incomplete
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