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

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

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 $94.02 -2.67%
FB $104.07 -5.81%
GOOG $683.57 -3.45%
TSLA $162.60 -7.26%
YHOO $27.97 -4.05%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs