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