The issue of banks, Telstra or Woolworths misbehaving and being punished by regulators is a totally different issue.
ALL might do nothing wrong at all but governments decide to crack down on Pokies because of problem gamblers as has happened in Victoria, or restrict Casino licences, etc
An Aussie rock band made a song or album years ago called "Blow up the pokies" because of the detrimental effect that too much Pokies has had on the live music scene in Sydney.
So there are regulatory risks that apply to gambling
companies that have nothing to do with misbehaving ( unlike miners, telstra, banks, woolies when they do misbehave ).
I am less ESG focussed than most people so I recently bought ALL again below $40, but I know very well that many people will not touch gambling stocks which surely will keep being a handbrake on the company's share price. Otherwise it would be on a PE of 40 or more like REA.
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Price($) | Vol. | No. |
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