The December profit report will be very interesting. If the machines are still selling well given the regulatory uncertainty then there is great upside for the company. And massive upside if we see a favourable regulatory outcome for the industry.
Of course it is equally probable that sales have grinded to a halt. In which case the only hope is a favourable regulatory outcome.
It really annoys me that Gillard is taking on the states over control of poker machines and forcing pre-committment, for the single purpose of keeping Wilkie happy and therefore keeping herself in power.
An industry could be ruined and a huge number of jobs lost just because of one man's crusade and a leaders ambition.
Don't get me wrong. I actually think more needs to be done to help problem gamblers. But mandatory pre-committment will turn everyone off.
I myself enjoy the occassional flutter. It's fun. But there is no way known I am going to stuff around getting a card ore whatever device. And secondly I don't want the Government or anyone else monitoring any of my actions or movements. We live in a supposedly free society.
Interesting times ahead.
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