Gaming billionaire James Packer has finally won approval from New South Wales regulators to take a larger stake in Echo Entertainment. So, will he actually act on it? Ten Network is getting punchier in its pitch for the cricket, how will the administrators of the game react? And Rio Tinto has a second private equity suitor for its majority Northparkes copper-gold stake, while New Zealand’s Mighty River Power has made a seamless entry to the markets.
James Packer, Crown, Echo Entertainment
Echo Entertainment shares could be in for a boost this morning as speculators ponder the chances of billionaire James Packer increasing Crown Limited’s stake in the gaming company.