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Reef Casino Trust Navigates Stable 2024 Results Amid Confidential Takeover Talks

1:48am on Monday 2nd of June, 2025 AEST Gaming & Leisure
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Reef Casino Trust Navigates Stable 2024 Results Amid Confidential Takeover Talks

1:48am on Monday 2nd of June, 2025 AEST
Key Points
  • 2024 distributable profit of $10.2 million with 20.42 cents per unit distribution
  • Strong balance sheet with renegotiated $15 million loan facility
  • Increased local and domestic patronage at Reef Hotel Casino despite subdued international tourism
  • Rising costs driven by regulatory compliance and inflationary pressures
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