Echo Releases Sydney Casino Arrange with Crown Casino Choice
The battle over Sydney’s casino marketplace took a turn that is dramatic week, as Echo Entertainment unveiled a plan that would include a $1 billion expansion of these existing Star casino in the town. But while Echo had previously appeared to want a monopoly over the city’s casino industry, their latest plan also includes space for a brand new venue operated by Crown, their arch rival.
Two Plans Offered Up
Echo’s latest proposal is actually two separate plans that they’re willing to provide the latest South Wales government. In either of the two scenarios, Echo says that they’d be willing to spend A$1.1 billion ($1 billion U.S.) in order to create two brand new luxury resort hotels along side expanding their casino.
The difference between the two plans comes down to what Echo that is else is to offer the federal government and what they’d allow Crown to accomplish within the city. Under their preferred plan, they would pay the federal government an additional $250 million in order to extend their exclusivity agreement in Melbourne, an agreement that currently operates through 2019.
Nevertheless, Echo also provided a alternative plan in which they wouldn’t normally make that payment. Instead, they might allow Crown to build a casino in Barangaroo, on the condition that it was a facility that is VIP-only.
‘This alternative could be regarded as a potential win-win scenario for the people of Sydney,’ said Echo cha Read more