Last drinks at Echo

This stock has been a classic contrarian play, producing a 48% return in barely a year. But with Mr Market regaining his senses we’re moving on.

Last year casino operator Echo Entertainment Group was in the headlines for all the wrong reasons. The company’s $1bn refurbishment of The Star casino hadn’t produced a satisfactory increase in profits and then James Packer twisted the knife by announcing that Crown Resorts build a rival casino on the other side of Darling Harbour as part of the Barangaroo redevelopment.

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