Tag: Sydney gambling
Australia’s Echo unveils $1 billion Sydney casino plan
June 25, 2013
From Reuters Australian gaming firm Echo Entertainment (EGP.AX) has submitted plans for a $1 billion expansion of its Star casino in Sydney, including an option that would allow rival Crown Ltd (CWN.AX) to open a VIP-only casino. Echo, which holds the sole licence to operate a casino in Sydney until 2019, has been lobbying to extend this right in an attempt to block Crown’s plans to add to its Melbourne casino. Crown, controlled by billionaire James Packer, has said it wants to open a VIP casino in Sydney as part of a A$1 billion six-star hotel and residential waterfront development,…