Coast Entertainment Secures Government Approval for Queensland Site Development; Shares Up 12%

MT Newswires Live

07/20

Coast Entertainment (ASX:CEH) secured Queensland Government approval for the development application in relation to its Coomera landholding made in September 2023, according to a Monday filing with the Australian bourse.

The approval includes conditions on vegetation clearing, bushfire management, stormwater and flood management, traffic impact assessment and mitigation, noise attenuation, and koala habitat management, the filing said.

The approval facilitates the strategic expansion of the site by enabling a broader range of supporting and complementary land uses via the Dreamworld Development Code, per the filing.

Shares rose nearly 12% in midday trade on Monday.

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