Ann: Potential reforms to NSW casino tax regime, page-58

They are certainly having a terrible run. I can’t help but think it’s good long term value now. Let’s imagine five years time, how will SGR look then? Presumably the consistent kicks in the backside will have finally abated, and the hospitality side of the business (including Queen’s Wharf) should be doing well. There now seems little risk of them actually losing their gaming licence, which is still, notwithstanding increased taxes and tighter controls, basically a licence to print money. I have 10,000 purchased at $2.79 last year. I’ll likely top up once the dust has settled.