Dreamworld owner Ardent Leisure slides on shelving tourist accommodation project

Coast Entertainment Holdings

21/12/2021 02:30

** Shares of theme parks operator Ardent Leisure Group
 ALG.AX  slip as much as 6.4% to A$1.31, heading for their worst
session since Nov. 29
    ** Co says its previously announced project to develop a
resort-style hotel and tourist park adjacent to Dreamworld will
not proceed  urn:newsml:reuters.com:*:nASX9YrJX3 
    ** Says co and Evolution Group, with whom a non-binding
agreement had been signed for the project, have been unable to
reach agreement on key aspects of the proposal
    ** Co has stopped these non-binding negotiations
    ** Stock hits lowest level since Nov. 29
    ** ALG has more than doubled in value this year, as of last
close 
    


 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))