Latest Casino Property News

Iris Cairns Property has opened an unconditional $4.67-per-unit takeover offer for the remaining units in Reef Casino Trust, after building an 85.77% stake through its initial bid. The offer values the remaining units at up to approximately A$33.1 million and could lead to compulsory acquisition and ASX delisting.

The Star Entertainment Group reported a $471.5 million net loss for FY25, marking a 72% improvement from the prior year but underscored by ongoing regulatory challenges and a complex joint venture exit.