re: Ann: Preliminary Final Report and Financi... Did you notice...

re: Ann: Preliminary Final Report and Financi... Did you notice the statement that Australian pokie owners were at a 35 year replacement cycle rate of buying at the moment. On the boxes that is. They are doing more updating of the games in the boxes.
Knowing something about this business, the punters tend to like machines changed at about 3 year max 5 intervals. After that they get a bit bored and go somewhere else with newer machines. Updating the games is a compromise, but letting their floorstock get this obsolescent is along the lines of killing the goose that lays the golden egg.
There is a huge backlog of overdue replacement out there.
When they get some courage back some will start and pull more business, from others. Could start rolling from there.
If they can do this well in this market this looks like a pretty safe bet.

As well they gave stepper machines away too early. The Americans still prefer them. Now they have come back into that market, expect better things from the US end of the business. Have to offer the customers what the punters want.