Echo’s Star performer set for makeover

Original article by Jessica Gardner, Vanessa Desloires
The Australian Financial Review – Page: 17 & 22 : 5-Feb-15

Australian-listed Echo Entertainment Group has posted a 2014-15 interim net profit of $A97.1m, which is 111 per cent higher than previously. Normalised revenue of $A1.2bn was up by 28.3 per cent, and Sydney’s The Star casino accounted for $A183m of normalised EBITDA of $A261m for the half-year. Echo Entertainment has spent $A870m on upgrading The Star in recent years, and it has flagged further expenditure on redeveloping the property

CORPORATES
ECHO ENTERTAINMENT GROUP LIMITED – ASX EGP, THE STAR, TREASURY CASINO AND HOTEL, CROWN RESORTS LIMITED – ASX CWN, JUPITERS LIMITED, CITIGROUP PTY LTD

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