{"id":777038254,"date":"2026-02-20T08:13:56","date_gmt":"2026-02-20T11:13:56","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777038254"},"modified":"2026-04-21T14:12:58","modified_gmt":"2026-04-21T17:12:58","slug":"reef-casino-trust-posts-profit-gain-in-fy25","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/reef-casino-trust-posts-profit-gain-in-fy25","title":{"rendered":"Reef Casino Trust reports rise in full-year profit"},"content":{"rendered":"\n

The Australian casino owner reported a 6.4 per cent rise in net profit.<\/p>\n\n\n\n\n\n\n\n

Australia.- Reef Casino Trust (RCT), the ASX-listed trust that owns and manages the Reef Hotel Casino in Cairns, has posted a 6.4 per cent increase in full-year net profit to AU$5.41m (US$3.82m) for 2025. Revenue rose by 4.8 per cent to AU$26.74m (US$18.88m), largely driven by rental income from the casino complex, which reached AU$25.52m (US$18.02m).<\/p>\n\n\n\n

Brad Seahon, RCT\u2019s CEO, said tourism in Cairns had shown a \u201cbuoyant\u201d trend with international visitation nearing pre-pandemic levels despite continued softness in Chinese arrivals. Visitation figures were up 2.5 per cent year-on-year, while electronic gaming revenue was up by 2.9 per cent. Table game revenue was up 13.6 per cent.<\/p>\n\n\n\n

Looking ahead, RCT\u2019s chair Wendy Morris signalled a challenging operational environment but noted emerging opportunities in the increased airline capacity to the region and growth in the Cairns cruise market.<\/p>\n\n\n\n

The takeover bid by Iris Cairns Property Pty<\/a>, which has the backing of RCT\u2019s two largest unitholders, Casinos Austria International and Accor, is likely to extend past its original March 13, 2026 closing date. That reflects delays in obtaining a Queensland casino licence and suitability approvals, which regulators now expect to take several months beyond the offer period. If the bid period is prolonged by more than a month, some unitholders may gain withdrawal rights, although major holders have indicated they will not exercise these provided no higher offer emerges.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Novomatic extends Ainsworth takeover deadline for third time<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

The Australian casino owner reported a 6.4 per cent rise in net profit.<\/p>\n","protected":false},"author":226,"featured_media":777038258,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Reef Casino Trust (RCT) reported a 6.4% increase in full-year net profit to AU$5.41m, driven by a 4.8% rise in revenue, primarily from rental income. The ongoing takeover bid by Iris Cairns Property Pty, backed by major unitholders, faces delays due to protracted Queensland casino licensing and suitability approvals, potentially extending the offer period and impacting unitholder withdrawal rights.","focusai_entities":"Reef Casino Trust, RCT, Reef Hotel Casino, Brad Seahon, Wendy Morris, Iris Cairns Property Pty, Casinos Austria International, Accor, Novomatic, Ainsworth","focusai_location":"Australia, Cairns, Queensland","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.85), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Impact on M&A","query":"What specific regulatory hurdles in Queensland are causing the protracted delays in the casino licence and suitability approvals for the Iris Cairns Property Pty bid, and what precedent does this set for future M&A in the region?"},{"label":"Unitholder Rights Analysis","query":"How might the potential extension of the takeover bid period beyond one month impact the exercise of withdrawal rights by minor unitholders, given the stated intentions of major holders like Casinos Austria International and Accor?"}],"footnotes":""},"categories":[16336,163],"tags":[29,1897,225],"class_list":["post-777038254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news","tag-casino","tag-igaming","tag-legislation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777038254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777038254"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777038254\/revisions"}],"predecessor-version":[{"id":777038270,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777038254\/revisions\/777038270"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777038258"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777038254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777038254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777038254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}