Founders In Plan To Rescue Casino

Malaysian group Metroplex has joined the Australian Tourism Group and Touraust Corp to offer a rescue package to Reef Casino Trust, owner of the troubled Reef casino in Cairns, that includes a capital injection of about $40 million and an overhaul of the trust structure. The proposal would see th

Reef To Announce Its Rescuer Tomorrow

Reef Casino Trust is expected to formally reveal tomorrow the identity of the investor willing to pump $40 million-plus cash into the Cairns casino owner. Stockbroking analysts believe the leading contenders are Melbourne casino owner Crown, Malaysia's Metroplex group and Queensland-based Jupiter

Sydney Harbour No White Knight And Reef Casino Is Still Stranded

Sydney Harbour Casino has ruled itself out as a prospective investor in Reef Casino Trust as the troubled Cairns casino owner strives to find a white knight to rescue it from its financial woes. Reef Corporate Services, the manager of Reef Casino Trust, and its advisers Grant Samuel & Associa