Echo Entertainment downgraded

Echo Entertainment is now one of four remaining companies vying for the redevelopment of Queen’s Wharf in Brisbane after New Zealand-based SkyCity Entertainment and Lend Lease were knocked out of the running. Echo is reportedly trying to partner with either of the two remaining overseas entrants, which includes Chinese giant Greenland and a syndicate including Far East Consortium and Chow Tai Fook Enterprises. This makes sense, as the Queensland government wants a casino to be part of a broader development that will attract Asian tourists and Echo’s finances are stretched from the redevelopment of The Star casino in Sydney...

Echo Entertainment is now one of four remaining companies vying for the redevelopment of Queen’s Wharf in Brisbane after New Zealand-based SkyCity Entertainment and Lend Lease were knocked out of the running. Echo is reportedly trying to partner with either of the two remaining overseas entrants, which includes Chinese giant Greenland and a syndicate including Far East Consortium and Chow Tai Fook Enterprises.

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