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Echo set to lose Sydney gaming monopoly. Pedestrians walk past The Star casino, operated by Echo Entertainment Group Ltd., in. The Star.


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The Sydney casino would be a charitable casino operation, and the casino operator There is the monopoly aspect for the operator, which is perhaps the most.


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Tabcorp Retains Sydney Casino Monopoly. 31st Oct | Written by: James Kilsby. Following intense press speculation that a second casino licence could.


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Echo Entertainment's Star City is also poised to lose its monopoly in Sydney when Crown Resorts opens a casino at the Barangaroo development from ​.


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The Star ready for Crown Sydney challenge "eternal vigilance" in the face of losing its monopoly on the lucrative Sydney casino market when.


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A department spokesman said there were ''a number of issues'' that would need to be considered if it received a proposal for a new casino. Public to get a say on Packer's casino plan. Credit: Crown. Credit: Simon Santi. Sean Nicholls Twitter Email.{/INSERTKEYS}{/PARAGRAPH} The former prime minister Paul Keating, who was chairman of the Barangaroo Design Excellence Review Panel, has told Mr Packer the hotel should not be built on an area earmarked for public open space. He said the call for submissions was ''consistent with the process undertaken by the authority in into the suitability of Tabcorp to effectively control the ownership and management of the Sydney casino''. Bigger slice of the pie James Packer's Crown group wants to lift its shareholding in Echo Entertainment so that it can use their monopoly rights to build a casino at Barangaroo. The Casino Control Act specifies that ''one casino licence may be in force … at any particular time'' and that ''a casino licence is to apply to one casino only''. If Crown is given permission to lift its stake in Echo, there are still planning and regulatory hurdles that would need to be considered. The Sydney Morning Herald. The authority confirmed yesterday it will call for submissions from ''interested parties who may have a view on the Crown proposal to increase its stake in the Echo Entertainment Group and its suitability to be involved in the ownership and management of the Sydney casino''. James Packer's proposed 6 star hotel and casino in Central Barangaroo. {PARAGRAPH}{INSERTKEYS}THE NSW gaming regulator will call for public submissions on whether James Packer's Crown group should be allowed to increase its stake in the company that owns the Star as part of a bid to build a second Sydney casino at Barangaroo. Concept plans released by Crown placed it at Barangaroo Central, which is reserved for civic, education and recreational use. While a timetable has yet to be determined, it is understood the call for public submissions could be as early as this week. But the plan has sparked a war of words between Mr Packer and the chairman of Echo Entertainment, John Story, who has rebuffed Mr Packer's request for a board seat. The announcement and subsequent media coverage have prompted the NSW Department of Trade and Investment to seek legal advice on whether new legislation would be needed. License this article. Commercial real estate. Echo's constitution dictates that any shareholding above 10 per cent must be approved by gaming authorities in NSW and Queensland, where it also has casino interests. Crown is in discussions with Lend Lease, the developer of Barangaroo, about possible locations for the complex. The authority spokesman said the NSW investigation would ''examine all aspects of the financial and personal suitability of Crown and its key officials to be associated with the licence for the Sydney casino''. They proposal was criticised by the lord mayor of Sydney, Clover Moore, as a ''clumsy Dubai-style hotel''. Crown has applied to the Independent Liquor and Gaming Authority to lift its shareholding in the Star casino's owner, Echo Entertainment, above 10 per cent.