Genting is now said to have some 9.4% IN EGP Date/Time:...

Genting is now said to have some 9.4% IN EGP
Date/Time: 20/06/2012 7:00 AM The Genting group based in Asia has further boosted its holding in Australian-listed casinos operator Echo Entertainment. After large volumes of trading for the stock on 18 and 19 June 2012, Genting is now said to have some 9.4%, close to the 10% stake of rival Crown. The latter is also lobbying to have the limit on individual shareholdings lifted so it can move beyond that threshold. Some experts believe it is unlikely that the two suitors can come to an arrangement on shared control of Echo. The stock closed $A0.08 lower at $A4.25 on 19 June