The greyhound ban nearly brought NSW to a halt affecting property values, sentiment, business confidence and consumer confidence according to FXJ/ Macquarie Media and Alan Jones.
But that affected a lot of people. Whereas CWN is unlikely to get the same sort of treatment and a bailout due to its limited impact on ordinary voters.
Not everyone likes gaming in Australia otherwise Woolworths thru ALH would be a lot more profitable than it was until recently.
Bail out of CWN may be wishful thinking IMHO.
CWN Price at posting:
$11.15 Sentiment: Sell Disclosure: Not Held