ACCC calls for comment on Aquis' proposed acquisition of the Reef Hotel Casino | ACCC

The Australian Competition and Consumer Commission has released a Statement of Issues outlining potential competition concerns with the proposed acquisition by Aquis Reef Holdings (Aus) Pty Ltd (together with its related bodies corporate, Aquis) of the Reef Hotel Casino (Reef Casino) in Cairns. The proposed acquisition is of all the units in the ASX-listed Reef Casino Trust (RCT) and all of the issued shares in Reef Corporate Services Limited and Casinos Austria International (Cairns) Pty Ltd (the responsible entity of the Reef Casino Trust and manager of the casino respectively). The ACCC will continue to investigate the extent of expected competition between the Reef Casino and the Aquis Resort in the absence of the proposed acquisition.

Source: http://media.australia.gov.au/notify/click.cgi?url=http%3A%2F%2Faccc.gov.au%2Fmedia-release%2Faccc-calls-for-comment-on-aquis-proposed-acquisition-of-the-reef-hotel-casino&collection=releases&rank=18&auth=irCh%2BBOnN5RgepvlfIBQbA

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