EGP 1.02% $4.85 echo entertainment group limited

Talk of just giving Packer a licence in Sydney:"However, Mr...

  1. 1,182 Posts.
    Talk of just giving Packer a licence in Sydney:

    "However, Mr O'Farrell also said that no decision had been made on whether to change existing legislation that states only one casino may be operated in NSW."

    http://www.smh.com.au/nsw/ofarrell-rolls-dice-for-packers-casino-20121018-27u68.html

    This can't be good for EGP, who may well take the NSW Government to court if this happens, since they have a licence till 2019.

    Not sure what Packer would do with his shares in EGP if he was granted a licence though.
 
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