awww what, shit didn't do my homework on this one and one of those chasing the divvy yield lol.
Didn't know about them losing pokies license, tho from getting into online poker myself its another cash cow.
Basically all they do is run a server and take a house rake from pots over a certain amount.
Its a bloody gold mine if you ask me. Tho online poker is highly competitive, with the likes of Pokerstars, Will Hill, InterCasino et al.
Also they won't be able to market to Australians as by law Australians are not allowed to gamble online (at least for poker; as how would u explain sports betting) on Australian casino/poker sites. We can bet on international casino/poker sites tho.
I'll give this one 6-12months and wait for the next dividend payout (take the cash and run lol).
I only have a small position, so no biggy.
looking good, page-14
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