I would be very surprised if CWN is above $9 at the end of the day.
Things are starting to look very dire for CWN in Victoria. My bet is they will cancel the licence and put it out to tender. CWN doesnt own the land the casino is on....im not sure what that means but it does not bode well for CWN.
And the Perth Inquiry has more bombshells to drop in coming months...nothing positive at all for CWN on the horizon.
I think it must test $6 again at some stage in the next 6 months..probably sooner than later.
Well done to those that rode it up to $12
from AFR
"Ruminations by Finkelstein about whether Crown could be forced to hand over the leases to the land the casino sits on suggest that declaring Crown unsuitable might not go far enough for the former Federal Court judge, and the practicalities of cancelling Crown’s licence are being actively explored and weighed against a reform program that has really only been going for six months and probably has three or four years to go."
