CASINOS – QUEENSLAND – DESIGN AND CONSTRUCTION

Echo to zero in on wealthy VIP gamblers

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Original article by Perry Williams
The Australian Financial Review – Page: 15 & 20 : 22-Jul-15

Australian-listed Echo Entertainment Group has signalled that its new casino in Brisbane will aim to derive a significant proportion of its revenue from Asian high-rollers. CEO Matt Bekier notes that high-rollers account for about 30 per cent of revenue at The Star casino in Sydney, and the new gaming venue will seek to emulate this. The $A2bn casino at Queen’s Wharf is slated to open in 2022, and will compete with The Star and Crown Resorts’ gaming venues for high-roller patronage.

CORPORATES
ECHO ENTERTAINMENT GROUP LIMITED – ASX EGP, THE STAR, CROWN RESORTS LIMITED – ASX CWN, CHOW TAI FOOK ENTERPRISES LIMITED, FAR EAST CONSORTIUM INTERNATIONAL LIMITED, SHANGHAI GREENLAND GROUP COMPANY LIMITED, TREASURY CASINO AND HOTEL, QUEENSLAND. DEPT OF STATE DEVELOPMENT, TRADE AND INNOVATION, DEUTSCHE BANK AG

Echo wins bid to build Brisbane casino

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Original article by Mark Ludlow, Perry Williams
The Australian Financial Review – Page: 7 : 21-Jul-15

The Queensland Government has chosen a consortium headed by Echo Entertainment Group to build Brisbane’s second casino. The Destination Brisbane consortium, which also includes Chow Tai Fook and Far East Consortium, competed with Crown Resorts for the right to build the new gaming venue at Queen’s Wharf. It will be located next to Echo’s Treasury Casino. Echo plans to relocate its head office from Sydney to Brisbane.

CORPORATES
ECHO ENTERTAINMENT GROUP LIMITED – ASX EGP, DESTINATION BRISBANE PTY LTD, CHOW TAI FOOK ENTERPRISES LIMITED, FAR EAST CONSORTIUM INTERNATIONAL LIMITED, CROWN RESORTS LIMITED – ASX CWN, GREENLAND HOLDING GROUP COMPANY LIMITED, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, QUEENSLAND. DEPT OF STATE DEVELOPMENT, TRADE AND INNOVATION, TREASURY CASINO AND HOTEL, THE STAR, DEUTSCHE BANK AG, CREDIT SUISSE (AUSTRALIA) LIMITED

Crown board signs off on Queen’s Wharf bid

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Original article by Perry Williams
The Australian Financial Review – Page: 19 : 10-Jul-15

CSLA and Deutsche Bank expect Echo Entertainment Group to be the successful bidder for the right to build a new casino in Brisbane. Crown Resorts has finalised its submission to the Queensland Government, which has reiterated that a decision on the winning bid will be made after the state Budget is handed down on 14 July 2015. Opposition Leader Lawrence Springborg has urged the Government to announce the winning bidder immediately.

CORPORATES
ECHO ENTERTAINMENT GROUP LIMITED – ASX EGP, CROWN RESORTS LIMITED – ASX CWN, CLSA AUSTRALIA PTY LTD, DEUTSCHE BANK AG, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, AUSTRALIAN LABOR PARTY, LIBERAL-NATIONAL PARTY OF QUEENSLAND, GREENLAND HOLDING GROUP COMPANY LIMITED, FAR EAST CONSORTIUM INTERNATIONAL LIMITED, CHOW TAI FOOK ENTERPRISES LIMITED, THE STAR, CREDIT SUISSE (AUSTRALIA) LIMITED