Ann: Trading Update, Cost Initiatives & Sydney Strategic Review, page-512

They are IMHO interlinked especially in Sydney and Brisbane.

If you have the go slow or do nothing in Sydney, SGR must recover strongly IMHO as $1 is priced as if the Minns regime did as the Perrottet regime wanted to do.

David Harris has been or would have been ineffectual, as SMH pointed out, that should be good for SGR short term but not long term as clubs misbehaving take business away from SGR IMHO.

A new Minister post Harris might overreact but the At might be good if the clubs are closed down, gaming reduced and more customers have to go to the casino.

Queensland just depends on business prospects in the South East. Nothing will happen. market expected something to happen but nothing did. When Palace Chook is removed, SGR will flourish. SGR will be able to do anything. it will be a matter of the footfall at the casino and how the win ratio plays out.

Sydney Star is where the action is, and without David Harris what comes next is the question.

$1 looks too much like it is priced for pessimism which has no chance in hell of eventuating.