Honestly this is what should be done the smart thing to do is to sell the Sydney casino to Bruce, Blackstone or any other interested parties. Have a bidding reserve of 800m. If it doesn't sell then keep it and keep selling other assets as they are doing. I think the Sydney casino should be first asset offered for sale off the ranks. If it was to sell for close to 1 billion all these debt and liquidity issues disappear and it's back to business in QLD if it doesn't then the plan B of selling other assets should be put into action.
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- Ann: NSW Show Cause Notice & Treasury casino building sale
Ann: NSW Show Cause Notice & Treasury casino building sale, page-24
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