CWN could become a credit risk for Queensland IMHO but pls DYOR....

CWN could become a credit risk for Queensland IMHO but pls DYOR. Qld might get downgraded and that sovereign credit risk through exposure to CWN will cost Qld more than any storm or number of catastrophes in its whole history.

Given CWN's problems in Macau, Premier Palaszszuk may be responsible for CWN's default if she invites CWN to build it while it still has its Macau problems.

Even if EGP lose the bid, EGP might get the nod at a discount when CWN fails to be able to complete its obligations like with Macau, Barangaroo is looking doubtful (LLC's SP is starting to get affected).