I did some calculation before isolating each factor for the last...

I did some calculation before isolating each factor for the last half.

There are four key drivers that caused last year wow.

1. VIP win rate at the lower end
2. Lower slot machine due to slot renewal
3. Change in cost
4. Aristo factor

If I overlay last financial year parameters, the EBITDA difference is 18.14 mil AUD. I have been a bit conservative with win rate of 3 percent at SV. With 3.32 percent as last year, the EBITDA difference is 23 mil AUD. With zero growth or business improvement, this business can generate 40-50 mil cash before tax and interest.