I predict that any changes to poker machine laws will be fairly...

I predict that any changes to poker machine laws will be fairly benign. Reasons as follows:

- Hotels and clubs have a great deal of political influence. It would be politically very risky imposing the $1 max bet limit.

- The NSW state government have already stated that they will not support the $1 cap. Good article in the 'Fin' yesterday.

- The cost of the $1 implementation would amount to something like $600M ($3k per machine). Cost / benefit wise this makes no sense. Once again from yesterday's article in the fin.

- To me the Coalition is likely to form Government. Politically the independants should know they need to support them due to most coming from right voting areas, they are just holding out to try and get the best deals for their electorates (fair enough). The Coalition will not cripple the gaming industry to side one independant. They will promise some money for Hobart Hospital and that will be that.

True there is added risk in the stock. But now could be a wonderful buying opportunity. Trading at a low multiple and so much potential growth.

I continue to hold.