Simple. It was a precondition to being able to resign the lease with Crown. No refurbishment, no lease. It is their most profitable bowling centre, so that would have been a no-brainer.
No reason for any further refurbishment as the lease has been resigned. That's also pretty obvious. It's all laid out in the 1H report.
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This post is based on my own research and is not investment advice. When making investment decisions, always DYOR.
Simple. It was a precondition to being able to resign the lease...
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