too optimistic in my opinion, even with the OZ bubble, I reckon it's gonna be another 2yrs or so, similar to AIA, until the business becomes viable again
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too optimistic in my opinion, even with the OZ bubble, I reckon it's gonna be another 2yrs or so, similar to AIA, until the business becomes viable again
"Steady as she goes" :t_up:
What is an electronic gaming machine? Is it just a posh name for Pokie
USA Vegas reporting big increases in customer numbers for april.
sky city adelaide being investigated for serious money laundering
@MarkListerNZ
SkyCity shares down 8.5% in Australian trade today, on the back of a range of companies finding themselves in the spotlight for AML compliance issues. Expect a similar fall when our market reopens for the week tomorrow.
If SKC share price collapses tomorrow could be a good buy
Reported in SMH
Meanwhile New Zealand group SkyCity said AUSTRAC had launched an enforcement investigation into its operations, relating to a potential failure to conduct proper due diligence on high-risk and politically exposed patrons at its Adelaide casino.
Down 8.5% on ASX.
https://www.theaustralian.com.au/bus...ed160e1757c3ca Puts the situation in context
Somebody dumped 1.5 million shares a few minutes ago on ASX
I have personally witnessed heavy hitters laying down one strap after another after another after another on the main gaming floor at Sky City Auckland and nobody in authority batted an eyelid. A strap is 100, 100 dollar notes. One strap is $10,000. A brick is 40 straps. i.e. a brick is $400,000. I suspect a lot of bricks get "washed" upstairs in the high rollers room which is closed to the general public. My father always used to call these places dens of iniquity. I find it difficult to believe that many straps and bricks of money come from legitimate sources of revenue...
A real "SIN" stock. One to definitely avoid if you value your soul, in my opinion. Where there's smoke there's usually fire and in SKC's case that's been more than just a metaphor, Karma ?
Two South Australian MPs have called for a royal commission into the operations of the Adelaide casino
https://www.abc.net.au/news/2021-06-...sino/100195002