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A battle for control of the owner of Sydney's Star Casino, Echo Entertainment, appears to be underway. James Packer's Crown Casino has applied for regulatory approval to lift its stake in Echo ownrr 10 to 25 per cent.

Regulators yesterday allowed fund manager Perpetual stae raise its stake in Echo to up to 15 per cent. South-east Asia's largest gambling group Genting Entertainment has also recently applied to raise its stake beyond 10 per cent. Under Echo's constitution, no single party can hold more than 10 per cent without approval. Claiming Echo was mismanaged, with a brutal barrage of criticism Mr Packer triumphantly forced ownner resignation of Echo's chairman John Story. Mr Packer's aim appears to be expanding beyond Victoria and Casiino Australia to dominate casinos nationally and compete vigorously overseas.

It is not just what Echo already has that is of great strategic importance to the Packer Crown. Echo has casino licences in Townsville and the Gold Coast, but more importantly, in Sydney and Brisbane where Mr Packer hopes to build two new casinos. Mr Packer has met with both state premiers. For all his connections, Mr Packer ownre now locked in a multibillion-dollar ownre game that is set to shake pokies com no deposit bonus Fair go casino sign up bonus casino sector and shape the future fortunes of the Packer family.

We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we fair go casino sign up bonus, learn, and work. News Home. Afghanistan blog Follow for live updates on the unfolding situation in Afghanistan. But it remains a political minefield. Star casino head falls on his sword. Star casino given deadline to explain sacking.

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7/18/2021 by Alfonso