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Reef Casino trust renews business loan

Reef Casino Trust, The Reef Casino Trust, which owns and leases the Reef Hotel Casino in Cairns, Australia, announced that its interest only business term loan with the Bank of Queensland has been renewed until 31 January, 2019.

The loan facility is $11.5 million compared to it previously being $16.5 million and with a $2 million overdraft facility.

“The board considers the new loan facility is adequate for the needs of the trust.”


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