Then why do you own the stock if you think the nsw regs will be materially bad for the business?
reality is reforms around mobile app spending is a way bigger threat and, again, only really damaging if it occured in the US.
In fact, overall regulation is going the orher way in the US with legalisations of online gambling in more and more states, alon with land based increases in some states to raise revenue.
While these reforms are undoubtedly bad for NSW the sky is falling type arguments are likely overblown. Clubs willoffset in other areas and people that want to gamble a lot of money will find ways to do so.
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