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Re: [sharechat] Sky City Report

From:	"Rockbottom" <rockbottom@ihug.co.nz>
Date:	Thu, 6 Mar 2003 10:30:58 +1300

Just browsing through the interim report.

It notes on page 5 in relation  to Sky Alpine Queenstown that despite
continuing efforts they were not able to report a satisfactory financial
result. The EBIT loss has been reduced to $298k for the half year.

Then comes the classic comment:-

"Inevitably, the decision of the Casino Control Authority to award two
Casino licences in Queenstown will continue to make it difficult for either
operator to achieve a satisfactory return on their investment."


So the award of a licence forced them to build a casino?

Bit of buck passing methinks.


Rockbottom


Discl. Own some



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Re: [sharechat] AMERICAN ECONOMY BY MACDUNK Robin Benson

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