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Why Is Iris Cairns Delaying Its Reef Casino Trust Takeover Bid?

1:51pm on Tuesday 25th of November, 2025 AEDT Real Estate Investment Trusts
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Why Is Iris Cairns Delaying Its Reef Casino Trust Takeover Bid?

1:51pm on Tuesday 25th of November, 2025 AEDT
Key Points
  • Regulatory approval delays from Queensland Office of Liquor and Gaming Regulation
  • Offer period for Reef Casino Trust takeover to extend beyond 31 May 2026
  • Major unitholders CAIL and Accor reaffirm support despite delays
  • Suitability investigations unlikely to conclude before original offer deadline
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