Coast Entertainment rises as Queensland considers intervening in project approval process

Coast Entertainment Holdings

01/09/2025 03:23

** Shares in Australia's Coast Entertainment CEH.AX rise as much as 3.8% to A$0.415; hitting their highest since mid-July

** Stock marks biggest intraday gain since August 27

** Co receives "proposed call-in notice" from Queensland government, indicating that the state is considering using its legal powers to take control of CEH's development application

** The development pertains to land associated with co's Dreamworld theme park

** The call-in is being weighed due to potential effects on Queensland's economy and environment

** CEH operates iconic destinations including Dreamworld and SkyPoint

** Stock down 16.3% YTD

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com;))