This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Echo Unveils Proposal For World's First Connected, Integrated Resort At The Star

SYDNEY, June 22, 2013 /PRNewswire/ --

Highlights :
  • Two new international hotels with more than 500 new rooms:
    • A six star luxury hotel
    • A five star premium hotel with prestige global operator
    • This brings to 1,150 the total number of rooms at The Star
  • More than 50 world-class restaurants and bars, including over 20 brand new experiences;
  • A contribution of $130 million to community infrastructure including the "City Link" pedestrian/cycle bridge and an upgraded light rail station to transform transport options for 10 million Sydneysider trips a year;
  • An increase of 330,000 international and interstate visitors per year, or a 1.2 per cent increase to current overall NSW international and interstate visitor arrivals, increasing the total number of estimated annual visits to The Star by international and interstate guests to over 2,000,000 by 2025;
  • An estimated incremental tax contribution of around $1 billion to the Government across the proposed extended exclusivity period;
  • Employment of over 5,750 Sydneysiders – including more than 1,460 new permanent jobs for Sydney;
  • Forecast incremental contribution to the NSW Gross State Product of $350 million per annum;
  • Payments for extended licence exclusivity totalling  $250 million to the NSW Government (which could give the NSW Government the option of underwriting a six star hotel at Barangaroo with these funds); and,
  • A total investment spend of more than $1.1 billion, 93% in non-gaming, tourism related infrastructure.

Echo Entertainment Group Chairman John O'Neill and CEO John Redmond said today that Echo's expansion plans for The Star would see the world's first "Connected Integrated Resort" built in Sydney.

To view the multimedia assets associated with this release, please click:


Mr O'Neill and Mr Redmond today unveiled details of Echo's Detailed Proposal which was formally submitted to the NSW Government through its unsolicited proposal process on Friday afternoon.

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.21 -0.44%
FB $117.80 -0.22%
GOOG $701.26 0.80%
TSLA $211.34 -5.00%
YHOO $36.94 2.61%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs