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Morris Group Challenges Reef Casino Trust Takeover with $184 Million Bid
9:50am on Monday 28th of July, 2025 AEST
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Real Estate & Hospitality
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Morris Group Challenges Reef Casino Trust Takeover with $184 Million Bid
9:50am on Monday 28th of July, 2025 AEST
Key Points
Morris Group proposes $184 million cash takeover bid for Reef Casino Trust
Offer matches terms of existing Iris Cairns Property bid at $3.70 per unit
Proposal contingent on acquiring Casinos Austria International and Reef Corporate Services
Independent Board Committee to evaluate proposal; recommends no immediate action
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Reef Casino Trust (ASX:RCT)
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