Ann: Response to Media Reports-CWN.AX, page-9

That is hopeful thinking IMHO but anyone's guess is as good as any other, P.R.C. is certainly unpredictable in its policies and implementation in respect of CWN. This P.R.C. decision might totally destroy CWN IMHO of benefit to SGR whether or not SGR's VIP rollers business suffers. SGR loses out to the high rollers and CWN a lot in the high roller stakes and it says nothing good about SGR CEO's Matt Bekier that losses to high rollers have happened to SGR at probabilities never ever witnessed or seen at CWN.

CWN's potential in Sydney must now be in direct jeopardy given its concentration on whales from the P.R.C. SGR might become a Sydney and Brisbane monopoly again which given liquor licensing laws etc can only augur well for SGR and poorly for CWN.

CWN is IMHO in a horrendous mess and regardless of what the P.R.C. does to the 18 employees or past employees, the CWN business model, Barangaroo and expansion plans that must now appear either terminal or terminated IMHO but pls DYOR.