I would be surprised if it did much business above $5 in the short term...I see it staying 4.50-4.90 for the next couple of months.
They have a superior bid in Brisbane...but an announcement is probably still 3 months away
Quarterly due end of month?...more good revenue news could push it above $5 i guess.
I want the 8 Billion $ AQUIS Casino Cairns announcement made asap as well...which gives us a better picture of the QLD gaming market moving forward.
If CWN are locked out of QLD then it is a worry for their Australian market revenue as the bulk of Chinese tourists(and whales) will just visit QLD. Australia is a break even proposition at the moment for CWN.
EGP Price at posting:
$4.57 Sentiment: Buy Disclosure: Not Held