• Accor casino deal

Accor has sold its interest in the Reef Casino in Cairns, Australia, for AUD85m. The buyer of the 128 room hotel and 500 gaming machine casino is Hong Kong investor Aquis.

The deal is subject to regulatory approval. Interests sold were a 29% stake in listed entity Reef Casino Trust, and a 50% stake in two related businesses.
Read the full story here:
http://www.accor.com/fileadmin/user_upload/Contenus_Accor/Finance/Pressreleases/2014/UK/pr_reef.pdf

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