CASINOS – QUEENSLAND

Star hopes to fetch $200m for Brisbane casino and hotel

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Original article by Larry Schlesinger
The Australian Financial Review – Page: Online : 4-Oct-23

Casino operator Star Entertainment has put its Treasury Casino complex in Brisbane up for sale, with the complex including the Treasury Casino building and the Treasury Hotel building. Both the hotel and the casino will be offered with the potential for vacant possession , with Start to vacate the casino in 2024 when it starts operating its new casino in the nearby $3.6 billion Queen’s Wharf development. Sam McVay from McVay Real Estate and Paul Noonan from JLL have been appointed to handle the sale, with Star hoping to fetch upwards of $200 million.

CORPORATES
THE STAR ENTERTAINMENT GROUP LIMITED – ASX SGR,[SPACE]McVAY REAL ESTATE PTY LTD,[SPACE]JONES LANG LASALLE AUSTRALIA PTY LTD

REAL ESTATE – QUEENSLAND – COMMERCIAL]

Money on Echo as it shows a good hand

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Original article by Jessica Gardner
The Australian Financial Review – Page: 19 & 24 : 14-Aug-14

The stock of gaming group Echo Entertainment on 13 August 2014 closed 3.1% higher at $A3.30. It had posted a 2013-14 full-year net profit increase of 27.3% to $A106.3m, or 24.6% to $A158.2m excluding abnormal gains from "high rollers". Revenue from its New South Wales and Queensland casino operations also grew 3.9% to reach $A1.8bn. A distribution of $A0.04 has been declared. CEO Matt Bekier noted that strong earnings growth for Echo should now be seen as a given

CORPORATES
ECHO ENTERTAINMENT GROUP LIMITED – ASX EGP, CROWN RESORTS LIMITED – ASX CWN, THE STAR, CITIGROUP PTY LTD