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Why Is Reef Casino Trust’s Takeover Bid Stalling? Regulatory Delays Explained

9:57am on Tuesday 25th of November, 2025 AEDT Gaming
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Why Is Reef Casino Trust’s Takeover Bid Stalling? Regulatory Delays Explained

9:57am on Tuesday 25th of November, 2025 AEDT
Key Points
  • OLGR suitability investigations delayed beyond March 2026
  • Iris Cairns Property plans to extend takeover offer period past May 2026
  • Regulatory approval critical under Casino Control Act for bid completion
  • Supplementary Target’s Statement to update unitholders forthcoming
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