1. Pokies aren't actually on the decline, it is actually stable, the amount of poker machines are capped in each state and in the case of WA, completely banned.
2. Have a look at their FY and Half yearly results and you would of realised that their machines are growing. Both systems using ebet monitoring and systems using their Card IT software.
3. You haven't been down to the RSL have you? Yea, sure punters are going online, this is really the Gen Y and Gen I generations. If you head down to your local RSL and have a look at it. Most of them are packed, baby boomers, lower social demographics individuals.
Let me know if you ever see an empty RSL pokies room.
Partnership with Scientific Games was significant how? The new model generates similar EBIT contribution without the foreign exchange risk AND removes the inventory risk from their balance sheet. Basically zero inventory now. Great balance sheet.
Shows the Shred investors have already invested in this Company and those that don't understand will pay up a lot more later down the track.
1. Pokies aren't actually on the decline, it is actually stable,...
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