SYDNEY: Crown Ltd, the Australian casino company controlled by billionaire James Packer, has won regulatory approval to increase its 10 percent stake in rival Echo Entertainment Group, the operator of Sydney's sole casino.
Echo has been courted by both Crown and companies associated with Malaysian gaming giant Genting Bhd
because it has the rights until 2019 to operate the only casino in Sydney, which is attracting more and more Asian gamblers.
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