Echo is open to casino license arrangement with Crown
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Crown, owned by billionaire James Packer, applied to regulators to increase its stake to 25 % and successfully led a push to oust Echo's previous chairman.
Crown, that it is is owned by billionaire James Packer, has applied to regulators to increase its stake to 25 % and successfully led a push to oust Echo's previous chairman.
"We're open to what might be but we don't know what that is yet, nothing I can tell you any more definitively," Echo Managing Director Larry Mullin told Reuters by telephone. "I don't have anything to report other than a very, very preliminary conversation," he said when asked if he had been approached by James Packer.
"It's a lot of speculation on what might be or might not be with our business. We're open to exploring anything on our business but it would have to be at shareholder value," Mullin said. "It would have to be good for our shareholders, but they are a shareholder. We treat our shareholders equally," he concluded.