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Coast Entertainment Says SARA Issues Referral Response on Dreamworld Precinct; Shares Up 7%

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Coast Entertainment Holdings (ASX:CEH) said Queensland's State Assessment and Referral Agency (SARA) has issued its referral agency response to the Deputy Premier and Minister for State Development, Infrastructure and Planning regarding the company's Dreamworld precinct development application, according to a Tuesday Australian bourse filing.

The application remains subject to a ministerial call-in process, per the filing.

SARA's response is the penultimate step in the call-in process and is submitted to the Minister for consideration ahead of a final decision, expected in the coming weeks, the filing said.

The company will provide an update once it receives the Minister's decision, the filing added.

The company's shares rose 7% in recent Tuesday trade.

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