there are no games being played, if the housing bubble collapses in Sydney and melb and % rates go up here like in the US, do you really think people will go out and gamble, think people think, yes some will go to the PUB and drown their sorrows, but I doubt they will even play the pokies more let alone go gambling, SGR must attract the high rollers who wont be affected by the coming downturn in global economy, as they say the rich get richer and poor get poorer, SGR must attract the rich getting richer types.
If you cant afford the next loan repayment and your worried about getting fired and your credit card debt (Australia has the highest credit card debt ratio in the world) are you really going to head to the casino to waste more money? I never finished business school but even I know I wouldn't be that stupid.
SGR Price at posting:
$4.27 Sentiment: Sell Disclosure: Not Held
