SkyCity chief lashes Echo
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
SkyCity Entertainment Ltd chief executive Nigel Morrison says Echo Entertainment Group Ltd has let down its shareholders by allowing its monopoly on the Sydney casino market to be broken, The Australian Financial Review reports.
According to the newspaper, Mr Morrison says Crown Ltd's advancement to the next stage of development for a second Sydney casino – at the expense of Echo's bid – "shouldn't have happened".
"If I was part of Echo and I’d let that happen in my backyard I’d be very upset with myself," he said, according to the AFR.
"There’s no doubt that Crown is a very formidable opponent."
"But I think for [Echo] to have negotiated an extension on their exclusivity out to 2019, which probably wasn’t such a long period, and then spend the best part of $1 billion of shareholder’s money... and then be in the position where that exclusivity’s coming up and to think they’ve got to spend another $1 billion, it’s probably not an ideal position to be in" (see Cliona O'Dowd's Collected Wisdom).
Call 1300 880 160
Start a chat
Schedule a call
