Hate to be greedy but I'm disappinted the revenue is capped at 300M over the 10 years at least if I'm reading this correctly.
"The maximum revenue that may be earned under the contract is $313m over approximately 10 years after the go live date..."
Obviously looks awesome now but even in 5 years time you would think this would be paying unders based on the potential revenue generation we'd be assisting with. I guess this is the price to get our seat at the table of the new entity, which if you're a betting man will be in a prime position to usurp the TAB domestically but are we selling ourselves short similar to the deal with TW? With TW the business was in its infancy but now surely we have runs on the board to have uncapped revenue deals in place? Given the business is already cash flow positive this is significant cream on top and I'm hopefully there will be plenty of short squeezing moving forward haha.
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Price($) | Vol. | No. |
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0.092 | 201154 | 2 |
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