I don't know (and nor does anyone else) what percentage of ALL's revenue is dependent on problem gamblers spending more than they can afford. I would think it's small, but there's no way to know. There are some who think that anyone who gambles has a problem, but I don't think that's the case. As we've discussed before on this forum, there are many people who enjoy a glass of wine but you wouldn't call them alcoholics. Likewise, there are people who like gambling and regularly indulge – lottery tickets, horse races, the stock market, whatever – and are not addicts.
NSW (and even the whole of Australia) form a relatively small part of ALL's total revenue. In terms of the company's global presence and market cap, it's really stretching things to a silly point to think that what happens in this state is going to have a major impact. Of course, no company can afford to overlook any problem in case it becomes the spark that lights the fire. But I don't think ALL is in trouble now, nor will be in the future, due to what's going on in NSW.
As @JoeGambler points out, ALL's big revenue stream comes from USA, where online real-money gambling is the big ticket. ALL is well-placed to take advantage of that... although I stand by my thinking that interest rates, recession and regulation are ongoing concerns for ALL.
- Forums
- ASX - By Stock
- Ann: FY2022 Results Media Release
I don't know (and nor does anyone else) what percentage of ALL's...
-
-
- There are more pages in this discussion • 52 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ALL (ASX) to my watchlist
(20min delay)
|
|||||
Last
$57.35 |
Change
-0.730(1.26%) |
Mkt cap ! $36.10B |
Open | High | Low | Value | Volume |
$57.82 | $57.93 | $56.92 | $46.52M | 810.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2745 | $57.32 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$57.46 | 380 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2745 | 57.320 |
2 | 380 | 57.160 |
1 | 8619 | 57.030 |
1 | 1863 | 56.980 |
1 | 1680 | 56.940 |
Price($) | Vol. | No. |
---|---|---|
57.460 | 380 | 2 |
57.800 | 15 | 1 |
58.080 | 147 | 2 |
58.100 | 39 | 1 |
58.300 | 67 | 1 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
Featured News
ALL (ASX) Chart |