No - my understanding from what I've heard management indicate on the call was that they hope to have an answer where things sit with WA within the next 30 days.
I've reflected on the announcement and it really appears JIN have traded off some margin to TAH for an extra 7 years of certainty around this agreement. Worst case was that TAH terminate the agreement come 2023 - unfortunately TAH have the upper hand. I was happy to see them maintain guidance range across all metric despite lower than expected major jackpots for the FY - with COVID driving some online adoption.
WA is possible upside from here, as is their proven ability to continue to grow TTV in-spite of an average run of jackpots for the FY, probability suggests that at some point jackpots will be more favorable again. Their SAAS offerings to the charities and UK expansion are now the areas that present as opportunity now that the TAH agreement is put to bed for the next 10 years.
I topped up in the closing auction today.
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