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An announcement from Reef Casino ( (AU:RCT) ) is now available.
Reef Casino Trust has announced an estimated distributable profit for the first half of 2025 ranging between $3.2 million and $3.8 million, a decrease from the $4.336 million reported in the same period of 2024. This decline is attributed to increased regulatory and compliance costs, as well as expenses related to a potential control transaction. Despite these challenges, the Trust has maintained comparable revenues to the previous year and anticipates continued profitability through May. A further announcement regarding unit distribution is expected in June.
More about Reef Casino
Reef Casino Trust operates within the hospitality and gaming industry, primarily managing the Reef Hotel Casino complex. The company focuses on providing casino and hotel services, catering to both local and international visitors in Cairns, Queensland.
Average Trading Volume: 12,392
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$173.3M
See more insights into RCT stock on TipRanks’ Stock Analysis page.