M&A- with Crown, page-4

You lads are forgetting the tax revenue from casinos. It’s enormous and is why CWN Sydney will go ahead. Maybe they’ll force a Packer sell down, but it’ll happen.

CWN/SGR always talked about, not sure it’ll occur, especially with Packers current holding. I’d argue this is in top up territory and CWN would be $9 and below using the index as a proxy to value. I might buy another 5,000-10,000 shares in SGR on a little more weakness.

Whilst id support a merger of the 2, I don’t see it yet. Doubt we will see a dividend in either stock until 2022, nevertheless both trade at a good discount and a safe bet on the assumption of world travel in 2022. These businesses are cash cows and should return to normal quickly.