Reef Casino Trust, operator of the Reef Hotel Casino in Cairns, Australia, has appointed a new CEO, effective from August 1st.
Bradley Sheahon is set to commence on the first of next month, however the new CEO can only be formally appointed and assume full responsibilities after receiving the ‘Key Employee License’ from authorities, ‘which can be expected to be sometime in August’.
The casino in the Cairns property is operated under a sub-lease with Casinos Austria.
The company has seen a series of changes in top management recently, despite noting that its revenues at the hotel casino complex were ‘comparable to the same period last year, announcing it would distribute dividends of approximately AU$4.7 million ($3.2 million) for the 1H23 period. The group is only set to announce its 1H23 results following its Annual General Meeting in August.