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Business 05 Feb 2014 | 4:11 PM

Australian casino battle heats up, Genting eyes at least 10% stake in Echo

SYDNEY: Echo Entertainment Group Ltd chief executive John Redmond announced his retirement on Wednesday just over a year into the job, leaving the Australian casino operator to fend for itself in a turf war against Crown Resorts Ltd.

Business 22 Apr 2014 | 8:43 AM

Australia's Crown prepares $2bil Las Vegas casino bid

SYDNEY: Australia's Crown Resorts Ltd is set to bid for a $2 billion casino complex in Las Vegas, according to media report, underscoring the Melbourne-based casino operator's ambition to expand to more markets.

Business 29 May 2014 | 12:00 AM

Genting's Echo shortlisted for Queensland casino licence

SYDNEY: Australian gaming giants Echo Entertainment Group Ltd, in which Genting is a shareholder, and Crown Resorts Ltd will compete against some of China’s biggest property developers for casino licences in Queensland.

AseanPlus News 22 Jul 2014 | 11:12 AM

Australian mogul Packer gives away $188 million

SYDNEY, July 22, 2014 (AFP) - Billionaire James Packer, one of Australia's richest men, on Tuesday announced he was setting up a philanthropic foundation to give away Aus$200 million (US$188 million).

Business 05 Aug 2014 | 12:00 AM

Aussie tycoon Packer buys prime US casino site

SYDNEY: Crown Resorts owner Australian mogul James Packer (pic) has paid A$280mil (US$260mil) for a prime site on Las Vegas Boulevard in a bid to crack the American casino market.

Business 13 Aug 2014 | 9:03 AM

Australian casino company Echo profit beats expectations

SYDNEY: Australian gaming company Echo Entertainment Group topped market expectations as it posted a 12 percent rise in full-year earnings on Wednesday, boosted by an improved performance from its Australian casinos.

Business 14 Aug 2014 | 12:00 AM

Echo beats earnings target, Sydney casino profit up 12%

SYDNEY: Australian gaming group Echo Entertainment, which has been gearing up for a looming battle with a rival luxury casino a mile from its key Sydney asset, posted full-year earnings that beat its own forecast.

World 05 Jan 2015 | 10:50 AM

Friend turned foe - the challenger for Sri Lanka's presidency

COLOMBO (Reuters) - Over a dinner of rice-flour pancakes with his trusted health minister one evening in November, Sri Lankan President Mahinda Rajapaksa observed with a grin that there would be no serious candidate to challenge him in the coming presidential election.

World 07 Jan 2015 | 10:25 AM

Sri Lanka's political outlook shaky, whoever wins knife-edge election

COLOMBO (Reuters) - In a measure of how far Thursday's presidential election in Sri Lanka has become a knife-edge contest, diplomats here have been checking the rules in case of a dead heat: according to a 1981 act, the rival candidates would draw lots to settle on a winner.

World 10 Jan 2015 | 5:50 AM

Sri Lanka's strongman president voted out after a decade

COLOMBO (Reuters) - Sri Lankan President Mahinda Rajapaksa lost his bid for a third term on Friday, ending a decade of rule that critics say had become increasingly authoritarian and marred by nepotism and corruption.