Even the $100m in gaming gst skc proudly proclaim as collecting wouldnt offset that unofficial money (from a governments pov)
Last count New Zealand had about $7 billion unofficial money so you are very much correct.
A lot of cash is taken overseas, you just need to watch those programs like boarder patrol to see a certain group of people who carry wads of cash and who only deal in cash..... They also love to gamble.
Darwin casino sale is crucial as the proceeds may be used to buy more assets or cut down debt(Nigel Morrison-Ex CEO was focused on the latter
Impetus on building more hotels is a good sign as Auckland faces a huge shortage on rooms.
Online Gambling focus seems to me as a "Trump Card"
Also i see an increase on Non-Gaming revenue which sort of Cushions the NPAT... The flash restaurants on the federal street does do well.
Overall New Chair,CEO---looks to me as a refreshed team.
Darwin casino sale is crucial as the proceeds may be used to buy more assets or cut down debt(Nigel Morrison-Ex CEO was focused on the latter
Impetus on building more hotels is a good sign as Auckland faces a huge shortage on rooms.
Online Gambling focus seems to me as a "Trump Card"
Also i see an increase on Non-Gaming revenue which sort of Cushions the NPAT... The flash restaurants on the federal street does do well.
Overall New Chair,CEO---looks to me as a refreshed team.
Interesting times...
like your points , might actually start to grow going forward with the non gaming add -ons
star ent just released there results , showed strong growth as well and stated 2019 yr has started strong. same for skc? would think so whole sector nz/aus seems to be doing well at the moment
Originally Posted by winner69
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