The battle over Sydney’s casino marketplace took a dramatic turn this week, as Echo Entertainment unveiled a plan that will feature a $1 billion expansion of these existing Star casino in the town. But while Echo had previously appeared to want a monopoly over the city’s casino industry, their plan that is latest also contains room for a brand new location operated by Crown, their arch rival.
Two Plans Offered Up
Echo’s latest proposal is actually two separate plans that they are willing to provide the newest South Wales government. In either regarding the two scenarios, Echo claims that they’d be willing to spend A$1.1 billion ($1 billion U.S.) in order to construct two luxury that is new along side expanding their casino.
The distinction between the two plans precipitates to what else Echo is willing to give the government and what they’d allow Crown doing into the city. An additional $250 million in order to extend their exclusivity agreement in Melbourne, an agreement that currently runs through 2019 under their preferred plan, they would pay the government.
Nevertheless, Echo additionally provided a alternative plan in that they wouldn’t normally make that payment. Instead, they might enable Crown to build a casino in Barangaroo, regarding the condition that it was a facility that is VIP-only.
‘This alternative are viewed as a potential win-win scenario for the folks of Sydney,’ said Echo chairman John O’ Continue reading “Echo Releases Sydney Casino Plan with Crown Casino Option”