Cairns, Queensland Casinos
There must also be no material adverse changes or prescribed occurrences. Backed by RCT’s largest unitholders, Accor and Casinos Austria International—who jointly hold over 70% of units—the proposed deal aims to fully acquire the trust and its operating entities, pending a series of approvals and conditions. These shareholders intend to accept the offer within 21 days of the bid period opening, provided no superior proposal arises and the Independent Expert does not revoke a favourable opinion. The lack of Japanese tourists coupled with higher fuel prices and a flat domestic tourism sector has not stopped the Reef Casino Trust, which controls the Reef Hotel Casino Complex in Cairns, from reporting a 17 per cent increase in revenues to $11.2 million. Reef Casino Trust owns the Reef Hotel Casino complex in Cairns, a city that has historically achieved strong population growth and established a reputation as being a resilient tourist destination, even in challenging economic times. The ACCC will not block Hong Kong property mogul Tony Fung’s proposed acquisition of the Reef Casino in Cairns, paving the way for his $5 billion mega casino and entertainment complex.
There are plenty of shops and cafes to enjoy, as well as a butterfly sanctuary and bird park. Kuranda has two markets, the Original Market (open Thursday to Monday) and the Heritage Market, which is open Thursday to Sunday. There are plenty of reef tours and activities to keep you busy in Cairns, both in the city and surrounding areas. A tour to the reef can be enjoyed in many ways – by swimming, snorkelling or diving straight off the beach, by taking a glass bottom boat tour, or by going on a live-aboard diveboat. Haggerstone Island (pictured below) is a remote northern reef island, with its own airstrip and luxurious accommodation. Stay at Haggerstone Island for the ultimate Robinson Crusoe experience.
There must also be no material adverse changes or prescribed occurrences. Backed by RCT’s largest unitholders, Accor and Casinos Austria International—who jointly hold over 70% of units—the proposed deal aims to fully acquire the trust and its operating entities, pending a series of approvals and conditions. These shareholders intend to accept the offer within 21 days of the bid period opening, provided no superior proposal arises and the Independent Expert does not revoke a favourable opinion. The lack of Japanese tourists coupled with higher fuel prices and a flat domestic tourism sector has not stopped the Reef Casino Trust, which controls the Reef Hotel Casino Complex in Cairns, from reporting a 17 per cent increase in revenues to $11.2 million. Reef Casino Trust owns the Reef Hotel Casino complex in Cairns, a city that has historically achieved strong population growth and established a reputation as being a resilient tourist destination, even in challenging economic times. The ACCC will not block Hong Kong property mogul Tony Fung’s proposed acquisition of the Reef Casino in Cairns, paving the way for his $5 billion mega casino and entertainment complex.
There are plenty of shops and cafes to enjoy, as well as a butterfly sanctuary and bird park. Kuranda has two markets, the Original Market (open Thursday to Monday) and the Heritage Market, which is open Thursday to Sunday. There are plenty of reef tours and activities to keep you busy in Cairns, both in the city and surrounding areas. A tour to the reef can be enjoyed in many ways – by swimming, snorkelling or diving straight off the beach, by taking a glass bottom boat tour, or by going on a live-aboard diveboat. Haggerstone Island (pictured below) is a remote northern reef island, with its own airstrip and luxurious accommodation. Stay at Haggerstone Island for the ultimate Robinson Crusoe experience.