Ausbil Dexia exits Echo

Group sells all remaining shares in gaming giant as KT Lim eyes increased holding.

Ausbil Dexia has withdrawn its support for Echo Entertainment Group Ltd in the wake of the group's failed bid for a second Sydney casino and the perceived poor performance of the existing Star casino, The Australian Financial Review reports.

According to the newspaper, Paul Xiradis, Ausbil Dexia's chief executive officer, confirmed the group had sold all of its remainaing shares in Echo, after ceasing to be a substantial shareholder in June last year.


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