Echo Unveils Proposal For World's First Connected, Integrated Resort At The Star
With some fragmentation of the gaming market under this scenario, Echo would not make a cash payment for extending exclusivity arrangements, but would remain committed to its proposed development investment.
John O'Neill said: "Echo is still able to commit to such an investment because the primary focus is enhancing Sydney as a destination for a greater numbers of Asian tourists, and that tourist market is forecast to grow rapidly.
"While Echo is confident that our proposed development plus licence exclusivity payment provides the most impactful solution, this alternative may be seen as a potential win-win scenario for the people of Sydney, with a combined infrastructure and tourism spend potentially in excess of $2 billion."
SOURCE Echo Entertainment Group
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