Assuming Marina's are sold for circa $100m, we would have $330m...

Assuming Marina's are sold for circa $100m, we would have $330m of cash to splash in H1 ($30m of today's deal is deferred)

Personally, I'd like to see debt paid down as a priority. Both Main Event and the Theme Parks deliver strong EBITDA margins and make strong returns on capital, so more than happy to invest in both providing those rates of return are sustained in the medium term. Main Event is the priority given its strong revenue growth. I can also see the AUD dropping, which will help bolster returns from that part of the business.

A small return of capital would be good (share buy-back, not divvy), but the current market price after today's activity makes this option a little expensive.