This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

NSW Government

Echo's proposal has significant benefits for the Government and state of NSW including;

  • Substantial investment in tourism infrastructure - $1.1 billion;
  • Further payments for licence exclusivity – $250 million;
  • Increased gaming and payroll tax – more than $63 million per annum by 2025;
  • New jobs – a total of 2,000 during construction, and then 1,460 per annum new full time positions;
  • Positive impetus for NSW – $350 million increase in Gross State Product;
  • Strong tourism growth – 330,000 additional tourists each year to Sydney;
  • Sydney for major events – 40% growth in international event delegates;
  • Positive implications for gaming – only one, well regulated destination gambling venue in Sydney; and,
  • Improved transport infrastructure - integrate Pyrmont/Darling Harbour and ICC Sydney Barangaroo, linking the combined precinct with the CBD.

Alternative Option Echo considers the optimal outcome for Sydney is the continued existing industry structure in NSW (and across all Australian capitals) of full exclusivity, allowing for one licensed casino operator.  However Echo also shares the NSW Government's enthusiasm for the development of Barangaroo, and supports the inclusion of a six star hotel as a feature to help underpin the success of such an important state project.

Echo has provided an alternative option within its proposal to the NSW Government that does allow for earlier certainty of such a development at Barangaroo, through Crown Limited's proposed six-star hotel. This accommodation would be on the proviso that the gaming facilities proposed as part of the current Crown plan are strictly table games, VIP-only, as Crown originally proposed and in line with the globally accepted meaning and current regulatory framework applying to Echo around VIP (that is international and interstate "rebate") gaming.

4 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs