Hotel and Casino Treasury
Casino And Hotel Tabcorp
Entertainment may kill James Packers bid to create
a high roller casino at Barangaroo
- 9th April 2013
first birthday party: Jennifer Hawkins leads celebrities;
Sydney, Australia -
29th March 2013
Vegas casino boss takes over Echo Entertainment -
12th December 2012
sells half its shares in Echo Entertainment - 20th
battle for control of Echo Entertainment Group, the
operator of Sydneys Star casino, has taken a
new twist, with Malaysias Genting selling down
half of its 10 per cent stake.
which operates casinos in south-east Asia, told the
stock exchange last night that it had entered into
an agreement with Citigroup Global Markets Australia
to dispose of a 4.8 per cent stake in Echo at $3.99
a share, a 2.7 per cent discount to yesterdays
closing price of $4.10. That values the stake at around
comes after a review by the company to rationalise
its investments portfolio," Genting said in a
statement. "The disposal is not expected to have
any material effect on earnings per share for the
current financial year," Shares in Genting rose
2.5 per cent in Singapore trade.
and Crown have been circling Echo for its Sydney Casino,
which attracts scores of Asian high rollers and last
nights move may allow Crown to close in on what
is Sydneys only casino operator. Crown, which
owns a 10 per cent share in Echo, has sought regulatory
approval to boost that holding to 25 per cent. An
exit by Genting opens the door for Crown to increase
market, looking at the share price, welcomes this
[move]. People didnt understand what the strategy
could be in Australia," said Lucius Chong, an
analyst at CIMB Research. "This removes a lot
of uncertainty because Genting is good at building
casinos, looking at emerging growth, whereas Australia
is a mature market," Mr Chong said.
which operates casinos in Melbourne and Perth, has
amassed a 10 per cent stake in Echo, and has sought
regulatory approval to go to 25 per cent.
also operates casinos in Brisbane, the Gold Coast
and Townsville in Queensland. Echo in August reported
a net profit for the 2011/12 financial year of $42.2
million, well down on the previous years $226
million. Echo recently spent $870 million redeveloping
its main asset, The Star, including a $100 million
payment to the New South Wales government for exclusivity.
has been lobbying the NSW government to build another
casino in Sydney at the Barangaroo redevelopment near
the CBD, just across the harbour from The Star.
parent Genting Group built its stake through its subsidiaries
in Singapore and Hong Kong in June, sparking talk
of a potential bidding war. Genting had also sought
regulatory approval to increase its holding.
was not clear whether Genting has withdrawn the application.
A spokesman for the regulator was not immediately
available to comment on the matter.
Entertainment - The Star and Crown Limited AGM Pokie
Cap Talk, by Greg Tingle - 11th November 2011
are a changing.
Entertainment, with a capital E for entertainment,
and its The Star (no longer Star City Casino)...red
headed stepchild... are in some talks with James Packer's
Crown Limited about... you guessed it - poker machine
cap limits. The fierce rivals have found some common
ground, or is it more about bit of a common enemy.
"Aussie casino wars" as they have been described
in gaming business circles have taken on a bit of
a new angle, with Australia's 'Big Brother' government
cementing itself on the battlefield, taking fire from
Echo, Crown and the Liberal - National coalition party.
One Media Man news-hound joked "It's bigger than
the release of Call of Duty 3. They should be an Aussie
casino war videogame".
been some good news for Echo coming out of its AGM.
The integrated entertainment complex and land based
casino owner advised revenue was stronger in the first
quarter of 2011-12 and earnings are tipped to surge
in the second half.
Packer, perhaps a touch busier than usual, thanks
to both his AGM in Melbourne, friend Shane Warne doing
his thing with Club 23 at the casino, and insider,
golf champ Tiger Woods doing his thing in and around
Burswood Entertainment Complex in Perth, got to share
his mind to shareholders (this writer being just one
famous Australian gaming billionaire showed his interest
competitor Echo Entertainment, of which Crown Ltd
snatched a 4.9 per cent stake in the Tabcorp spinoff
on behalf of Crown at Echo's shareholders meeting
yesterday, long-time Packer confidant, Guy Jalland,
quizzed the Echo board whether its talks with NSW
and QLD governments had covered ridding Echo's ownership
caps which currently limit investors to a 10 per cent
the time of the demerger that matter was raised with
governments of each of those jurisdictions,"
advised Echo Entertainment chairman John Story. "Each
government indicated it wished to continue the current
Jalland went on to ask whether these ownership caps
are in the interests of shareholders.
up to the government to determine that outcome, that's
not of our making," said Mr Story.
the meeting, Echo chief exec Larry Mullen, was probed
about if there was any discussions between Crown Limited
and Echo Entertainment to which he disclosed that
the two outfits have only had talks on common business
issues such as the new poker machine regulations.
clear that on this point Packer's Crown and Echo (E
for Entertainment) have evidently found common ground,
if not a common target.
stayed on message as JP (that's James Packer) when
he railed against the pokie reforms and how it would
hit the casino and gaming industry at a time when
Echo and Crown are spending a combined $4 billion
on new "tourism infrastructure"...that's
including the redevelopment of Echo's flagship Sydney
land based casino, The Star.
advised the tipped reforms (pre-committing being a
big part), "are unproven and untargeted proposals,
which are at risk of adversely impacting the casino
and tourism industry without the desired improvement
in the occurrence of problem gambling." He said
they along with many members of the casino sector
are in talks with the government to find a more effective
back to the Echo AGM, Mullen told investors that trading
for the current financial year was in line with expectations
and "solid" given the cautious consumer
environment and disruptions from its redevelopment
at Echo were up 15.2 per cent from July 1 to October
31 he said.
pointed out that while benefits of the redevelopment
of The Star will be evident from this quarter, earnings
for the half year will be impacted by $30 million
worth of pre-opening costs and higher initial operating
in the casino business, you have to sometimes spend
quite a bit of money to make money, and the stakes
are often higher for the casino company than for the
punters that might come in to try their luck on Cleopatra,
Sinatra, Monopoly, Wheel of Fortune or any other one
of hundreds of game titles.
agencies such as Media
Man and Casino
News Media are currently obtaining information
from the public at large as to whether The Star or
Crown Casino are seen at number one in Australia as
well as if both casino groups are more about gambling
or entertainment, or both. Information gathers and
analysts at the likes of Roy Morgan and the Australian
Government are expected to be very interested in the
City Hotel and Casino official website
Entertainment Group emerges as a dynamic organisation
with four vibrant businesses - hospitality, dining,
nightlife and gaming that combines the strength
of one of Australias largest publicly listed
gambling companies with the drive of an entrepreneurial
perceptive partnerships and seasoned execution, Echo
Entertainment Group will bring fresh to the old and
redefine the concepts of escape while delivering memorable
experiences. Echo Entertainment Group is driven by
the relentless pursuit to make happy happen to each
and every guest in each and every destination.
our fingers firmly on the pulse of pleasure, leisure
and reinvention, Echo Entertainment Group is the catalyst
for your entertainment. Echo Entertainment Group is
like entertainment itself
Entertainment Group operates four hotel and casino
complexes, Star City in Sydney, Jupiters Hotel &
Casino on the Gold Coast, Treasury Casino & Hotel
in Brisbane and Jupiters Townsville.
City Hotel and Casino official website
Man does not represent Echo Entertainent
impression of revamped Star City Casino
City Hotel and Casino (artists impression)
Dogg Enjoys Time In Australian Casinos; Star City
In Sin City Sydney..
hip-hop stars Snoop Dogg and Nelly have been enjoying
their time down under in Australia. At an announced
side-show in Sydney's Star City Casino last weekend,
the two famed hip-hop stars shocked the crowd when
an ensemble of acclaimed Supafest co-stars joined
them on stage. Industry luminaries The Game, T-Pain,
Busta Rhymes, Fat Joe and Spliff Star all joined in
the fun. They wowed fans with an hour of freestyle
rapping. The show is already being described as the
biggest hip-hop show in Australian history. Star City
in Sydney is hoping to look after them again, as is
the Tabcorp owned sister casino on the Gold Coast
- Jupiters Hotel and Casino.
City getting $800,000 upgrade to attract casino whale
VIP high rollers
Down Under On Today - 24th March 2010
Jackman feature story
game show at Star Casino
The Musical showing at Star City
at Star City reception impresses Media Man Australia
director with world class service with a smile
impression of revamped Star City Casino
City is a five star complex with a casino, restaurants
and bars, entertainment venues, hotel & apartments,
and banquets & conference centres.
South Sydney Rabbitohs: Star City Casino Partnership!,
by Greg Tingle - 28th January 2011
punters, journos, high rollers, sports nuts, casino
and football team owners, entertainment news junkies,
politicians, insiders, outsiders, politicians, journos...
one and all. Today we probe the new and exciting deal
between the legendary Aussie NRL footy team, the South
Sydney Rabbitohs and the "partnership" with
Tabcorp's Star City Casino.
follow the recent deal between the NRL's Penrith Panthers
and Centrebet, with the teams football ground now
known as Centrebet Stadium, in a $5 million dollar
deal, tipped to secure the financial future of the
club. Other clubs and plugging into the lucrative
gambling and betting dollars, with more win - wins
on the way, but at what cost? Can NRL and betting
co exist in a sustainable fashion, without more sports
betting scandals on the way.
Stadium, PartyGaming Cricket Ground, Paddy Power Park,
Betfair Entertainment Centre?! Who know what may be
around the corner. Media
Man and Gambling911 kick a goal between the posts
with this special report...
tie ins between the National Rugby League and gambling,
sports betting et al, continue this week with South
Sydney celebrity owner Russell Crowe, tipped to present
the Bunnies' new 5-year, multimillion-dollar sponsorship
deal with Tabcorp's Star City.
press conference including Crowe has been scheduled
for the Pyrmont's Star City. Souths also yesterday
announced the bookmaker, Luxbet (linked to Tabcorp),
as a corporate partner for 2011. The online agency
will run in house tipping service Bunnybet, taking
over from Betezy, which launched the gambling website
portal as a joint venture with the Rabbitohs in 2009,
in a media campaign pushed far and wide by the Media
Man agency, which covers the sector in a fair
and balanced fashion, and known to focus on the positives,
while also doing hard nosed coverage on the potential
dangerous of excess gambling - betting.
Souths Rabbitohs deals comes only 5 days after the
Penrith Panthers announced their Australia-first venue
naming-rights contract with a sports betting and gambling
company, rebranding their home ground Centrebet Stadium
Penrith. The northern beaches based Manly Sea Eagles
will also this year have the Centrebet logo on their
jumper. No word yet what's happening to the Full Tilt
Poker logo that was on East's Rooters players shorts.
bush tucker bag of NRL - gambling news comes at the
same time that a high-profile NRL player is battling
a huge problem, dropping at least $1500 a week at
Star City. In addition, a police investigation, as
well as New South Wales Crime Commission hearings,
is not yet complete into irregular betting patterns
reported in last year's round-24 match between North
Queensland Cowboys and and Canterbury Bulldogs aka
'The Doggies' in Townsville. 'The Doggies' still struggle
to live down a football betting and sex scandal from
years ago, with the obvious sexual reference tie in
off 'Doggie style', a often preferred sexual position
Rabbitohs new commercial deals also equate to a bit
of a back down from Crowe and co-owner Peter Holmes
a Court since they proposed to to remove the pokies
aka 'one armed bandits' from Souths Leagues Club in
2007. "There is a time and a place for gaming
and I don't believe that South Sydney is the time
or the place," Holmes a Court said way back then.
The club has faced serious cash flow challenges, not
to mention a poor win rate over the past years, despite
having a club history second to none.
Souths chief executive Shane Richardson would not
comment on the Star City sponsorship yesterday. NRL
chief executive David Gallop mentioned that many of
the NRL clubs have corporate partnerships with betting
firms and the NRL itself is aligned with TAB Sportsbet,
for which that company pays a product fee of 5 per
cent of profit on rugby league punting.
operators such as PartyGaming, Paddy Power and others
are said to be keen to get in on the action, and in
the meantime the international headlines add fuel
to the fire.
agencies associated with the game must sign integrity
agreements that insist on co-operation.
on sport is as old as sport itself. We have to accept
that being able to bet on a game adds a very enjoyable
aspect to viewing," Gallop said. "The arrangements
that we now have with betting agencies put us in a
lot better position not only in terms of being compensated
for the use of our intellectual property but also
in our ability to access information about irregular
betting. We've worked hard with all the sports to
get ourselves to that position and indeed some of
the matters that have been investigated and are currently
being investigated - those investigations have only
been possible because of those arrangements. Our ability
to get to the bottom of issues
is greatly improved
by those arrangements."
however, listened to concerns that issues such as
"spot betting" were a concern, as was hard
core promotion. NRL broadcaster Channel Nine has been
criticised for the past 12 months for its commentators'
plugging betting options during broadcasts of the
terms of the promotion of gambling we do have restrictions.
Individual players can't endorse individual agencies.
There are elements that are concerning such as types
of bets and aggressive promotion."
Man' (MM tag) Gallop said he was not alarmed by reporting
of players with gambling problems. "Our players
are a cross-section of the community and there are
going to be players with social problems, be they
gambling , alcohol or drugs," he said.
Man and Gambling911 will continue to revel more
details as they come to hand, so don't change your
success forces weekly tournaments to be postponed!
ANZPT Sydney Championships are in full swing at Star
City, with six events being played over the last seven
days and the Main Event almost a sell out!
Come in over the weekend and be a part of the action.
Sunday 3rd May is set to be a very busy day for Poker
at Star City with the final table of the ANZPT Sydney
Main Event, a Teams Event, Mega Satellite into the
next ANZPT event as well as the filming of a final
table to award a place in the new reality TV show,
‘The Poker Star’.
Following the huge effort put in by our staff and
the enormous support of our regular players throughout
the tournament, our weekly Monday and Wednesday tournaments
for next week will be postponed. Of course regular
cash games will still be available.
Check out www.biggamepoker.com.au for the complete
results of the ANZPT Sydney Championships, along with
ALL the events information, and a photo gallery of
the winners. Visit the site now...but only if you’re
City's $475 million facelift with largest outdoor
gaming area, by Justin Vallejo - 24th September 2008
The Daily Telegraph)
famous skyline will undergo a major facelift as part
of a $475 million upgrade to Star City.
hidden among the glitz and glamour of the new-look
casino are plans for the largest outdoor gaming area
ridiculed as the "Pyrmont Workers Club",
the aging casino will undergo a complete overhaul
- with these artists impressions revealing the first
look at the dramatic changes.
expansions plans of "Project Star", going
on exhibition today , reveal a giant reshaping of
the casino to face towards the harbour and Sydney's
new 309 room hotel on vacant land next to the casino
will be the first major five star hotel build in the
CBD since the Olympic Games.
Chief Executive of Casinos Walter Bugno said Star
City was now more than 10 years old and was in need
is our chance to build a world-class casino and entertainment
complex," Mr Bugno said.
the first time, Star City will be facing the harbour
and the city and that will give us an advantage that
no other casino in the world can match."
City has included the outdoor gaming proposal in its
major development application before the NSW Planning
Department after it was rejected by City of Sydney
Council in July.
the time, Lord Mayor Clover Moore called the outdoor
gaming area an appalling development that "would
prey on the most vulnerable of society" while
the NSW Health Department said it failed to meet smoke-free
is understood that substantial changes have been made
to the original proposal that was withdrawn from the
council to ensure it complies with the state's unenclosed
new licensing agreements will allow Star City to operate
additional tables subject to approval, there will
be no increase in the number of poker machines above
the current 1500 cap.
750 construction jobs will be created over the next
three years while another 900 hotel and casino jobs
will be created when the expansion in complete in
new grand entry to the casino on the harbour side
will replace the current staircase while the existing
ballroom will be expanded to hold at least 1200 people.
final floor plans are still being designed but Mr
Bugno estimates there would be around 17 restaurants
and 11 bars in the new complex.
Star is not a client of Media Man
Man does not represent Echo Entertainent