Despite some fighting words from Echo Entertainment chairman John O’Neill, the balance of power really looks to have swung in the direction of billionaire James Packer as Sydney contemplates a future with another casino. Given the state’s financial position at the moment, more is more right now. After some quiet time the financial services sector has a couple of deals in consideration. Meanwhile, Drillsearch drills first in the race to build a winning formula for Acer Energy, Westfield Group and AMP get simple, and Whitehaven Coal gets to the end of one of the strangest weeks in its history.
Echo Entertainment, Crown, James Packer
Gaming billionaire James Packer is showing an ability to not just outmanoeuvre Echo Entertainment in a quest for his own Sydney casino, but a willingness to point out where his rival went wrong.