Tag Archives: Echo Entertainment Group
- Bloomberry eyes South Korea casino acquisition; Echo has back-up if it loses Brisbane casino
November 1, 2014
Enrique Razon Jr., chairman and CEO of Bloomberry Resorts, addressed a report from ABS-CBN News about the company’s planned casino expansion in South Korea. Razon declined to go into further details, opting only to say that South Korea as one of “several prospective jurisdictions outside the Philippines that Bloomberry is looking...
- Echo, Crown submit latest proposals for Brisbane resort and casino
October 29, 2014
Crown Resorts and Echo Entertainment Group have put the gloves back on as both resume their long-standing rivalry with new casino bids for the right to build and develop an integrated resort in Brisbane. The two operators submitted their applications but refused to discuss details of their proposals, an order...
- The Star seeks VIP gaming expansion as Echo teases stellar fiscal year results
June 23, 2014
Australian casino operator Echo Entertainment wants to expand its flagship Sydney gaming joint The Star in order to prepare for competition from archrival Crown Resorts. The Star’s Sydney casino monopoly doesn’t officially expire until 2019, but since Crown plans to open its new Asian VIP-focused casino in Sydney's Barangaroo district...
- Echo shares tumble after announcing expansion plan in Queensland
November 8, 2013
Business decisions always come with potential risks, yet a lot of companies still push forward knowing that short term losses are needed if it hopes to realize long term gains. It's even more important if this decision was made to possibly correct a previous foible. That seems to be the...
- Echo’s Queensland monopoly under threat after Newman comments
August 29, 2013
Like Yogi Berra, Australian casino operator Echo Entertainment is feeling déjà vu all over again after yet another state premier appears to have taken the side of an Echo competitor. Earlier this year, Echo saw its Sydney casino monopoly come under threat via rival operator Crown Ltd.’s pursuit of a...
- Genting boosts Echo stake ahead of Friday’s Sydney casino deadline
June 19, 2013
Malaysian conglomerate Genting has raised its stake in Australian casino operator Echo Entertainment from 5.2% to 6.6%. Genting companies acquired a total of 9.9% of Echo last year, and while Genting Singapore sold its 4.8% stake in September, Genting nonetheless applied for regulatory approval to boost its stake to 25%....
AGTech inks online lottery deal with China’s Alipay
March 24, 2017