Echo Releases Sydney Casino Plan with Crown Casino Choice
The battle over Sydney’s casino marketplace took a turn that is dramatic week, as Echo Entertainment unveiled a plan that could feature a $1 billion expansion of these existing Star casino in the city. But while Echo had previously appeared to want a monopoly over the city’s casino industry, their plan that is latest also incorporates room for a brand new place operated by Crown, their arch rival.
Two Plans Offered Up
Echo’s latest proposal is actually two separate plans they are prepared to offer the latest South Wales government. In either regarding the two scenarios, Echo states 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 with expanding their casino.
The distinction between the two plans boils down to what else Echo is willing to provide the government and what they’d allow Crown to accomplish within the city. Under their preferred plan, they would pay the federal government an additional $250 million in order to increase their exclusivity agreement in Melbourne, an agreement that currently runs through 2019.
Nonetheless, Echo also provided a plan that is alternative that they wouldn’t normally make that re payment. Instead, they might allow Crown to build a casino in Barangaroo, in the condition that it was a VIP-only facility.
‘This alternative might be seen as a potential win-win scenario for the people of Sydney,’ said Echo chairman John Continue reading “Echo Releases Sydney Casino Plan with Crown Casino Choice”