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[sharechat] Sky City - Gaming Tax Increase Next?

From:	"Lance jenkins" <seachoke@hotmail.com>
Date:	Thu, 27 Mar 2003 19:55:30 +1200


Interesting discussion in the other forum re possible gaming tax increase in 
this year's budget. The tax difference between NZ and Australia is very 
large - casino tax in NZ is 4% whilst Australia is as high as 20%. Is that 
why Sky City casino is so very profitable?

If the government decides to move the casino tax up to even 10%, Sky City 
shares could be very badly hit.

One stock to be very careful of until the budget is out of the way.




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