SGR 2.38% 20.5¢ the star entertainment group limited

Ann: Queen's Wharf Brisbane Casino Licence Granted-SGR.AX, page-6

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  1. 7,719 Posts.
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    Well - I respectfully disagree - have shorted both. I feel a bit more comfortable with the SGR short, as the expat detainees might be released quickly, if the authorities get their smoking gun - not that I think that will change anything, but will create a short term spike perhaps. I don't think SGR will pick that business up. I suspect that Chinese high rollers will look at other means for getting their money out of China. Chanticleer AFR mentioned "
    There are concerns that the crackdown means Chinese authorities also have access to databases containing the names and personal details of high-rollers in China, who will now be reluctant to do business with any casino operator.
    " If that is right - then the problems are in both directions - i.e. casinos can no longer chase Chinese whales, and the whales will no longer want to associate with casinos out of fear.

    Read more: http://www.copyright link/brand/chanticleer/chinas--crown-raids-shock-the-gaming-industry-20161016-gs3pyu#ixzz4NJOxz4ub
    Follow us: @FinancialReview on Twitter | financialreview on Facebook

    Anyway - we'll see what happens soon enough.
 
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Last
20.5¢
Change
-0.005(2.38%)
Mkt cap ! $1.290B
Open High Low Value Volume
21.0¢ 21.0¢ 20.5¢ $1.126M 5.277M

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No. Vol. Price($)
48 3725234 20.5¢
 

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Price($) Vol. No.
21.0¢ 2664346 25
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