It has not been a good year for the Australian gaming sector – or its investors. Casinos are struggling to attract visitors, online bookmakers can’t get people to spend the amounts they used to and poker machine owners are preparing for the impact of new restrictions in NSW and Victoria.

Cost of living pressures, pecuniary penalties, and tougher laws have also spooked markets, wiping hundreds of millions of dollars from some of the country’s best-known gaming stocks including Star Entertainment and Tabcorp. But there is one company analysts are bullish about.