Betting on Crown - part 1

Concerns over capital expenditure requirements and the impact of a Chinese corruption crackdown have created an opportunity in this casino icon.

When James Packer's Crown Resorts announced it was bringing a casino to Sydney in 2019, Echo Entertainment's shares were hit by concerns over the impact the new casino would have on its main asset, The Star casino. But the reaction looked overblown and we upgraded the stock in Echo is worth a shout on 23 Sep 13 (Buy – $2.68). Members who followed our recommendation made a 53% return in around a year, although unfortunately we sold too soon.


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