Iris Hotel Group set sights on Reef Casino
Thursday 27 de February 2025 / 12:00
2 minutos de lectura
(Sydney).- Sam Arnaout's hotel, casino, pub and hospitality group Iris Capital has a made takeover bid for Reef Casino Trust. Iris Hotel Group has made a $130 million plus offer for the trust. The trust owns one asset, the Reef Hotel Casino complex in Cairns. As a result, it holds one of four coveted casino licenses.
The company recently addressed speculation about a potential agreement with Iris, disclosing that it received a confidential, non-binding proposal to acquire all units in Reef Casino Trust (RCT). This proposal also covers the acquisition of Reef Corporate Services Limited (RCSL) and Casinos Austria International (Cairns) Pty Ltd, which operates the Reef Hotel Casino owned by RCT.
RCSL has given Iris a four-week period for exclusive due diligence to explore this proposal, but emphasized that discussions are still preliminary and confidential, with no guarantee of a completed transaction. The company assured that RCT will keep the market updated in accordance with its continuous disclosure obligations.
Iris Hotel Group, part of Iris Capital and based in Sydney, manages 13 hotels and two casinos: Casino Canberra, the first legal casino in Australia previously operated by Aquis Entertainment, and Lasseters Hotel Casino in Alice Springs. Due to speculation about a potential ownership change, RCSL requested an immediate halt to its securities trading on Tuesday.
Reef Casino Trust, which runs the Reef Hotel Casino in Cairns, Australia, recently reported stable performance in its 2024 financial results.
Categoría:Casino
Tags: Sin tags
País: Australia
Región: Oceania
Event
Peru Gaming Show 2025
18 de June 2025
Facephi presented its digital identity verification solutions for the online gaming sector in Peru at PGS 2025
(Lima, SoloAzar Exclusive).- Facephi is consolidating its position as a strategic partner for responsible online gaming in Peru, presenting advanced identity verification, fraud prevention, and regulatory compliance solutions at PGS 2025, adapted to an increasingly digital and demanding ecosystem. In this interview, Bruno Rafael Rivadeneyra Sánchez, the firm's Identity Solutions Senior Manager, explores how its technology is redefining gaming security standards, with a preventative, seamless, and 100% regional approach.
Friday 18 Jul 2025 / 12:00
From PGS 2025, Win Systems Redoubles its Commitment to Peru: Innovation, Proximity, and Regional Expansion
(Lima, SoloAzar Exclusive).- In a revealing interview, Galy Olazo, Country Manager of Win Systems in Peru, analyzes the company's strategic role in one of the most thriving markets in the region. Its participation in the PGS 2025 trade show not only left its mark with its technological advances, such as the new Gold Club Colors electronic roulette wheels and the WIGOS management system, but also reaffirmed its commitment to the transformation of the sector and its consolidation in Latin America.
Tuesday 15 Jul 2025 / 12:00
Key debate during PGS 2025: Enforcement: Process to ensure compliance (laws, norms, rules)
(Lima, SoloAzar Exclusive).- During the 2025 edition of the Peru Gaming Show, the conference ‘Enforcement: Process to ensure compliance (laws, norms, rules)’ took place, with an international panel of professionals who debated about the current challenges to combat illegal gaming and guarantee the application of the laws in the sector, both in Peru and in the Latam region.
Monday 14 Jul 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.