GAMING & LEISURE Alert: August 2013 Industry Update

5 August 2013


After a tough and public battle, Crown Limited’s unsolicited proposal to build a $1.3 billion 6 star resort and VIP gaming facility on Sydney Harbour has been progressed to Stage 3 – negotiation of a final binding offer. Crown’s proposal was selected by the NSW government over that of Echo Entertainment Group Limited which operates Sydney’s existing Star City casino. Echo sought to extend its exclusive NSW casino licence past November 2019 for a further 15 years.

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