The Reef Casino Trust share price has surged after a $177m takeover offer by Iris Capital in an apparent victory over rival bidder Chris Morris, who had his eye on the tourism and gaming asset.

The Reef Casino Trust share price has surged after a $177m takeover offer by Iris Capital in an apparent victory over rival bidder Chris Morris, who had his eye on the tourism and gaming asset.

Reef owns the Cairns casino. "The Chinese tourist market for Cairns is expected to continue to grow," Reef Hotel Casino chief executive Allan Tan told shareholders at Reef's annual general meeting ...

NICK DALTON nick.dalton@news.com.au less than 2 min read September 28, 2017 - 5:00AM The Cairns Post ...

Accommodation for international and domestic students in Cairns must be seen as essential infrastructure or risk the region losing its status as a global market leader within the education sector ...

Creating dedicated student accommodation would also ease the burden on the private rental market, Ms Huddy said. “Cairns has always had a really low rental vacancy rate for the last 25 years.