Is This a Growth Story

Too right it is.
Asia Pacific to have 17 new casinos by 2020

Macau will grab a third with six gaming properties scheduled. South Korea has three new casinos in the pipeline, while the Philippines, Australia, New Zealand and Russia are expected to invest in two casinos each within the next five years
In the next five years, the Asia Pacific region will put 17 new casinos into operation. Some of them, like the ones in Macau, are expected to be some of the world’s largest and most luxurious.

The way I see it panning out is Len can't be too far off pulling the pin and when that happens the free float will (in all probability) increase substantially.  I don't think AGI will last long after that happens. No doubt they're on the major players radar.

IMHO it will be taken out quickly by one of the big 3.

Most companies have flat periods and most come from the lead times after the implementation of new strategies or directions. Caltex is a good example in their shift to retail in the cal stores.  AGI has plenty of these waiting periods.  Product approvals, certifications, regional licensing, new product design and production.

If your worried about the SP short term then there's better plays on the ASX then AGI for a short term punt. This is a long term play and the punters that hold will be rewarded IMHO.

I got into AGI close to when they floated and rode it through the dark times (4c at one point) waiting for their plans to come to fruition. They executed those plans and turned it into a billion dollar company. Although not a bill market cap ATM

Now the next phase is in play. USA expansion still at 40% pa, U.S plant getting closer to final fitout and I noticed on one of my drive bys they have built a multi story parking complex at Silverwater.  More parking = more staff, simple math. I have no doubt eyes are on them, I just hope they can pick it up before they get hit.

SP short term? Trading is nothing like it was when I first bought. Clearly algorithmic trading has taken over and you also have the  risk of loose cannons. People purporting themselves to be value investors but fracturing at the first sign of weakness. Then the  instos that have to show results and in some instances can't wait for the changes the company makes to take effect.

I'm going to wait, collect my dividends, 4.7% grossed up and watch the ensuing action which will come.

All IMHO.