Australia- Echo looks to up Star’s VIP ante prior to BarangarooBy Phil - 25 June 2014
Echo Entertainment Group has applied for a $13.7m VIP extension at its Star Casino with the City of Sydney Council.
Echo wants planning permission to build five new VIP gaming rooms on the 17th floor of the Astral hotel
The Star already boasts Sovereign Room and Inner Sanctum that cater for VIP guests but it is looking to increase its VIP offering prior to Crown Resorts opening its VIP-only $1.3bn Barangaroo casino in November 2019.
A spokesman for Echo Entertainment Group revealed that details of The Star’s proposed development would be on display until July 15.
He said: ‘‘Echo is undertaking the investment as part of our ongoing reinvestment in The Star. As outlined in Echo’s recent trading update the underlying business has good momentum and we want to continue to build on this attracting both local and International visitors.’’
Echo Entertainment has also made a statement concerning its proposed casino and hotel project at the Queen’s Wharf site in Brisbane, signing a deal with two Hong Kong groups to develop the project.
Echo said it had signed a binding memorandum of understanding with Chow Tai Fook Enterprises and Far East Consortium that will see Echo contribute 50 per cent of the capital to the development.
CTF and FEC would then contribute 25 per cent each.
Echo Chief Executive Matt Bekeir said: “Echo is delighted to work in partnership with two significant Asian-based partners and the government to develop and submit and proposal for the Queen’s Street Wharf site, which will deliver major investment in tourism infrastructure including a world class integrated resort to Brisbane.”
The Queensland Government will name the successful developer in early 2015.