Increase of visitation at Star Vegas has stalled, I think you can lock in the impact of the all the new casinos that were built as the reason. From memory 1000 a day is about 1/5 of the visitation when DNA purchased.
Bit of bad luck on the win rate, but previous quarter was juiced up by a higher than theoretical etc rate, so it makes sense punters get some pay back. So from that respect I don't think it was that "anomalous".
Positive note is that Aristo is still ramping up, maybe that becomes a A10m EBITDA property again. Star Vegas doesn't look like it's going to end up much beyond that. Think the market has the valuation right assuming around 5m to 10m NPAT.
Balance sheet still hanging in there and at least it looks like more dilution is off the cards. I'm suprised the controlling family just didn't force more equity for peanuts as opposed to lending money. Must be a reason....
