I think it's a little bit harsh to blame management for the loss of the Pokies Licences.
That was very much a decision made by politicians (to be seen to be doing something, imho) that no management group would have been able to alter.
The lack of compensation to the company (and hence shareholders) still irks me.
News: TAH Tabcorp Holdings Announces New Victorian Wagering And Betting Licence, page-12
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