Very interesting idea. @39cents SGR is almost certainly worth that without the NSW casino license.
At a certain point, you can say, 'You know, Mr. Governance, just F-it here is my license. It just won't generate any profit for our shareholders; we are just a collection agency for the state treasury. So, we are throwing in our chips and rebranding without a casino floor' Refocus as the best "club" venue in Australia, specifically for pokies, casino lite.
Because all the best management consultancies won't lift a finger before reading what randoms on HC write, another option is that since the NSW casino license has become such a noose around the share price's neck, and the casino has become such a liability in NSW, divest it, e.g., 5 cents for the prime business without NSW casino floor, 1 cents for the casino floor(SGR-NSW_Casino, SGR-Prime). I would go so far as to say that SGR without the NSW casino license is going to be worth] double the value 39 cents to the market. Maybe the NSW Casino floor license is worth pennies, but still, each SGR shareholder could receive 2 shares. I would say that without separation, they would be worth far more separated than combined.
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