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Balancing Investor expectations with entrepreneurial growth
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Financial Standard
Australia's most-read trade publication for wealth management professionals.
Metcash might deny making an active move to 'buy' poker machines but what with Woolworths, and to a lesser degree Coles facing criticism about their involvement in venues with pokies. Metcash's stance won't be very convincing if they do in fact buy hotels with poker machines. It would be a different story however if they sought out venues mostly without machines, or initiated real harm reduction measures by putting a $1 bet limit on the machines they have. This would make their position credible. It is disquieting also Metcash appear to be involved with ATMs etc, these come in very handy, particularly in venues with pokies see
http://www.metcashadvantage.co...
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