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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.

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.

Business 22 Jul 2015 | 12:00 AM

Australia’s Echo closes on rival Crown in China gambling war

SYDNEY: Australian casino firm Echo Entertainment Group Ltd will pay a Hong Kong partner to fly in rich Chinese gamblers to a lavish new complex in Brisbane, upping the rivalry with Crown Resorts Ltd for tourism’s most coveted demographic.

Corporate News 16 Dec 2015 | 7:06 AM

Packer pushing for Crown Resorts buyout

SYDNEY: James Packer, the majority owner of Australia's Crown Resorts Ltd, is in talks with private financiers about a possible buyout of the casino giant, two media reports said, sending the company's shares on their biggest one-day spike.

Business 16 Dec 2015 | 7:37 AM

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Corporate News 05 May 2016 | 5:04 AM

Australia’s Crown sells Macau gambling stake

SYDNEY: Casino mogul James Packer’s Crown Resorts has offloaded part of its stake in Macau-focused Melco Crown Entertainment for US$800 million, as gaming revenue slumps in the Chinese territory.