Australia's Reef Casino Trust jumps on property valuation uplift

Reef Casino Trust

01/02/2024 03:29

** Shares of Reef Casino Trust  RCT.AX  rise as much as 5.3%
to A$3.2, posting their biggest intraday percentage gain since
Nov. 13, 2023
    ** Casino investment trust says an independent valuer raised
the valuation of co's Reef Hotel Casino complex 
    ** Says the complex valued at A$161 million ($105.8 million)
as at Dec. 31, 2023, up from A$132 mln as of Dec. 31, 2020
    ** Stock fell 5.6% last month

($1 = 1.5214 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))