Gaming billionaire James Packer looks like he’s persuaded both sides of NSW politics to grant him a casino licence from 2019. How will this impact talks with Echo Entertainment and his fellow Echo billionaire shareholder, Malaysia’s KT Lim. CF Investment Limited has gone hostile on Discovery Metals, but will the argument come down to price alone? Also this morning, Nathan Tinkler blows his stack at the Whitehaven Coal board, Ten Network and Fairfax Media update the market on the hands they’re playing and Billabong International seniors get behind the company’s beleaguered share price.
James Packer, Crown, Echo Entertainment, Genting
It looks like the wish of gaming billionaire James Packer to build a second Sydney casino will be granted by the NSW government.