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There's more bad news for the whole pokies industry. NSW is...

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longorshort

68 Posts.

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03/10/20

06:57

Post #: 47826261
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Originally posted by MovingAverage: ↑

So just when I saw a glimmer of hope for AGI with an increase in their gaming operations install base, this article lands in my inbox: https://www.paulickreport.com/news/the-biz/kentucky-supreme-court-determines-instant-racing-game-not-pari-mutuel/

AGI have been making a great song and dance over the past few years (see their latest annual results presentation) about their historical horse racing (HHR) machines and have recently called out that H1FY21 would see further contracts for more units. But these recent developments don't bode well for AGI given the court deemed that HHR machines such as those made by AGI are not legal. Churchill Downs, which operates HHR machines, dropped 9.74% of the back of this news. And AGI has claimed that these HHR machines are a major highlight in their North American business.

The courts decision to declare HHR machines (such as those produced my AGI) as being illegal is likely to have a significant impact on AGI's North American revenue.

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There's more bad news for the whole pokies industry. NSW is going to move to cashless gambling card. Players have to preload money in and will have limits set and blocked as well if they are a problem gambler or have self excluded themselves

disallowed/politics/nsw/cash-ban-as-gambling-card-to-overhaul-6b-pokie-industry-in-nsw-20200930-p560rv.html

Sell sell sell I say or short sell

Last edited by longorshort: 03/10/20

AGI Price at posting: 32.0¢ Sentiment: Sell Disclosure: Not Held
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There's more bad news for the whole pokies industry. NSW is...

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There's more bad news for the whole pokies industry. NSW is...

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