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Reef Casino ( (AU:RCT) ) has shared an update.
During the 2025 Annual General Meeting, Reef Casino Trust announced several board changes, including the appointment of a new Chair and other key positions. The Trust reported a stable financial performance for 2024, with total revenue of $25.5 million, primarily from rental income, despite higher operational costs. The Trust declared a total distribution of 20.42 cents per unit for 2024, reflecting its strong financial health and commitment to returning profits to unitholders. Additionally, the Trust renegotiated its loan facility, maintained a healthy balance sheet, and invested in capital expenditures to enhance its offerings and ensure sustainable operations.
More about Reef Casino
Reef Casino Trust operates within the hospitality and gaming industry, primarily focusing on managing and deriving rental income from the Reef Hotel Casino complex in Cairns. The Trust’s operations are centered around providing gaming, hotel, and food and beverage services, with a significant emphasis on local and domestic patronage.
Average Trading Volume: 12,392
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$173.3M
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