BUZZ-Coast Entertainment rises as Queensland considers intervening in project approval process
Reuters
Sep 01, 2025
BUZZ-Coast Entertainment rises as Queensland considers intervening in project approval process
** Shares in Australia's Coast Entertainment CEH.AX rise as much as 3.8% to A$0.415; hitting their highest since mid-July
** Stock marks biggest intraday gain since August 27
** Co receives "proposed call-in notice" from Queensland government, indicating that the state is considering using its legal powers to take control of CEH's development application
** The development pertains to land associated with co's Dreamworld theme park
** The call-in is being weighed due to potential effects on Queensland's economy and environment
** CEH operates iconic destinations including Dreamworld and SkyPoint
** Stock down 16.3% YTD
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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