The root cause of the financial nightmare of SGR is the current regulation that makes the highly lucrative business losing money everyday in Sydney, no mater who else running this company even with the full casino license resumed. So let's face the reality: we cannot expect the mercies of the government, the parliament, regulators if they treat you as a bleeding lamb, shareholders of this company have been punished enough by the woke politicians who should target to the original management.
The development of this company is actually a quite natural result for me with the departure of former CEO and CFO in March 2024, when you go back to https://hotcopper.com.au/threads/ann-group-ceo-md-departure-appointment-of-executive-chairman.7915751/ to see how shareholders blamed them for playing chicken with NICC. I am lucky to quit my position with a minor lose, but would the same Hotcoppers hold the same views now?
Now when the company on the brink of total bankrupt, stopping the money losing Sydney business can not only buy SGR some more time. When the root cause is of political, then raise it to politicians to resolve or take responsibility.
The woke policy to make casino to be a bankrupt business has been ignored for over 1 year, now with exactly one month to go to the Australian election, now it is the perfect time to get a clear answer of either to stop gambling totally in Australian, or find a way to resolve it.
SGR Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
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