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Australia – Echo sells off Jupiters Townsville

Australian operator Echo Entertainment Group is offloading its smallest casino; Jupiters casino in Townsville, to Colonial Leisure Group for a price of A$70m. Echo said it will turn a pre-tax profit on the sale of the Townsville venue of about $8m, after transaction costs. Echo Chief Executive John Redmond said: “Recent performance of Jupiters Townsville…