Packer creeping up on 25 per cent of Echo shares
THE James Packer-backed casino company Crown has said it is seeking up to 25 per cent of rival Echo Entertainment Group in the latest twist in the billionaire's move to control the Sydney casino market.
article BREAKFAST DEALS: Echo entree?
(Australia) -- Malaysia’s KT Lim has returned to the scene by increasing his stake in Echo Entertainment, but not by as much as we’d expect from a...
article Genting increases Echo stake
(Australia) -- Gaming and leisure group Genting Hong Kong has increased its stake in Australian casino owner Echo Entertainment Group Ltd.
article Genting lifts stake in Echo after Crown sells out
(Australia) -- Malaysian gambling giant Genting Bhd has increased its stake in Australia's Echo Entertainment Group, just weeks after rival casino company Crown Ltd...
article Genting ups Echo stake to 6.6pc
(Australia) -- Genting Hong Kong has increased its stake in Echo Entertainment, prompting fresh speculation about whether the Asian gaming group will take sides in a...
article Echo defends Sydney casino ads
(Australia) -- Echo Entertainment Group Ltd is set defy New South Wales premier Barry O'Farrell's and move forward with a newspaper advertising campaign for its...
article James Packer raises stakes in battle between Crown, Echo for second Brisbane casino
(Australia) -- BRISBANE is the new casino battlefield, and a potential development of well over $1 billion is at stake. In one corner is James Packer, who wants to build...
article Crown, Echo to vie for new Brisbane casino rights in George St redevelopment
(Australia) -- THE State Government says all options are on the table as casino bosses duel for Queensland's gambling market rights. As The Courier-Mail revealed on...
article Echo pledges $1bn to protect casino monopoly in Sydney
(Australia) -- Echo Entertainment chief John Redmond has promised to invest more than $1 billion to protect his casino monopoly in Sydney and crush James Packer...
article Echo to Take on Packer With A$1 Billion Sydney Casino Investment
(Australia) -- Echo Entertainment Ltd. (EGP) plans to invest at least A$1 billion ($960 million) to fend off Australian billionaire James Packer’s attempts to...
article Echo questions Crown's measure in casino fight
(Australia) -- ONLY days after James Packer's Crown destabilised Echo Entertainment's share register by peremptorily dumping its 9.9 per cent shareholding in the...
article Australia’s Crown sells Echo stake for A$264mil
(Australia) -- Australian casino company Crown Ltd sold its 10% stake in rival Echo Entertainment Group, signalling billionaire owner James Packer is confident of...
article Packer exposes Echo downside after stake sell-off
(Australia) -- JAMES Packer has emerged triumphant on day one of life outside Echo, with the target's price slumping to a record closing low of $3.03 and returning...
article Echo shares plunge after Crown pull-out
(Australia) -- SHARES in Echo Entertainment have plunged to a record low after Crown sold its stake in its casino-operating rival.
article James Packer Gambles with $254 Million Echo Stake Sale
(Australia) -- James Packer has just cashed in his chips with regard to Echo Entertainment Ltd., but the billionaire remains firmly at the table in the race to offer...
article Speculation rife as Packer ditches Echo 'insurance policy'
(Australia) -- James Packer's strategy for establishing a casino in Sydney is again the subject of intense speculation after the billionaire's company, Crown...
article Aussie billionaire Packer's Crown wins approval to up stake in Echo, partly owned by Genting
(Australia) -- Crown Ltd, the Australian casino company controlled by billionaire James Packer, has won regulatory approval to increase its 10 percent stake in rival...
article Casino developers vow to preserve heritage
(Australia) -- Heritage buildings from the 1860s will be preserved if Echo Entertainment wins approval from the Newman Government to build a new casino and hotel in the...
article Echo ramps up casino battle
(Australia) -- Casinos operator Echo Entertainment Group has ramped up its effort to fend off rival James Packer's Crown in a battle for wealthy Chinese gamblers in...
article Echo Says Casino Business at Risk From Packer, Gold Coast Plans
(Australia) -- Echo Entertainment Group Ltd. (EGP)’s two largest casinos will be put at risk if a resort that billionaire James Packer wants to build in Sydney and...
article Echo Entertainment is searching for a different site for bigger Brisbane casino
(Australia) -- THE operators of Brisbane's casino are poised to build another billion-dollar complex on a different site in the city in an effort to keep the Packer...
article Echo Entertainment's $1.3b wager on new Brisbane city casino
(Australia) -- QUEENSLAND'S biggest gaming operator is ready to splash out $1.3 billion on a new casino and entertainment complex in Brisbane, but still needs to...
article Site-seeing on Echo's $1bn casino wish list
(Australia) -- ECHO Entertainment Group will focus on identifying a site for a proposed new $1 billion resort-style casino in Brisbane as its struggling Queensland...
article Crown licence would reduce tax haul - Echo
(Australia) -- ECHO ENTERTAINMENT has launched the first salvo in its campaign to convince the NSW government that the state's economy would receive a larger boost...
article Echo argues no new licence best for tax gatherer
(Australia) -- ECHO Entertainment has launched the first salvo in its campaign to persuade the New South Wales government that the NSW economy would receive a larger...
article Sydney not big enough for two casinos, says Echo Entertainment CFO Matt Bekier
(Australia) -- ONE of the nation's top casino bosses has warned Sydney will find it tough to increase overseas tourism numbers if there is more than one casino...
article Frontrunner in Echo CEO race drops out: report
(Australia) -- An undisclosed senior United States casino executive has emerged as the frontrunner to replace departing Echo Entertainment Group Ltd chief executive...
article Qld premier won't confirm casino talks
(Australia) -- Premier Campbell Newman's office won't confirm a senior minister discussed the idea of a second casino in Brisbane with Echo Entertainment.
article Profitable Star gambling on future
(Australia) -- ECHO chairman John O'Neill yesterday had one message for James Packer's bold new casino plans - "bring it on".
article Echo not worried by Packer's casino plan
(Australia) -- Echo Entertainment chairman John O'Neill says the gaming group is not worried by billionaire James Packer's plans to build a second casino in...
article Echo open to development opportunities
(Australia) -- CASINOS operator Echo Entertainment Group says it is willing to consider new development opportunities under its existing casino licences.
article Genting increases stake in Echo again
(Australia) -- Casino operator Genting has increased its share in Echo Entertainment Ltd above five per cent after purchasing 1.9 million shares through trades last week...
article Echo shares on the rise after raid alert
(Australia) -- ECHO Entertainment shares rose yesterday after a botched share raid the previous evening was taken as a sign that the battle of the billionaires on its...
article Crown puts a 25pc cap on Echo stake
(Australia) -- JAMES Packer's Crown Ltd has ramped up its move on fellow casinos operator Echo Entertainment by seeking regulatory approval to lift its stake up to...
article Malaysian casino group Genting faces regulatory wait on Echo stock grab
(Australia) -- MALAYSIAN casino group Genting is meeting with NSW and Queensland gaming regulators this week after applying to lift its stake in Echo Entertainment, as...
article Packer creeping up on 25 per cent of Echo shares
(Australia) -- THE James Packer-backed casino company Crown has said it is seeking up to 25 per cent of rival Echo Entertainment Group in the latest twist in the...
visionary sponsor advertisement
Most Popular Stories