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Iris Boosts Reef Casino Trust Bid to A$3.72 Amid Strong Board and Shareholder Backing
8:36pm on Friday 29th of August, 2025 AEST
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Gaming and Hospitality
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Iris Boosts Reef Casino Trust Bid to A$3.72 Amid Strong Board and Shareholder Backing
8:36pm on Friday 29th of August, 2025 AEST
Key Points
Iris raises offer price from A$3.5541 to A$3.72 per unit
Offer values Reef Casino Trust at about A$185.3 million
Unanimous recommendation from Reef Casino Trust’s Independent Board Committee
Major unitholders holding over 71% support the bid
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Reef Casino Trust (ASX:RCT)
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