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Business Description: Echo Entertainment Group Limited (EGP) provides leisure and entertainment services particularly casino gambling, entertainment and hospitality. EGP is listed on the ASX after the demerger from Tabcorp Holdings Ltd (TAH). The standalone entity operates casinos in New South Wales and Queensland, Australia.
Strategy Analysis: Immediate focus is on the redevelopment of its Queensland casino. The project is underpinned by regulatory concession agreed on with the Queensland government. This includes additional gaming tables and electronic gaming machines. Renovation at The Star is near completion with gaming floors reopened. A nightclub was also opened and events centre will be unveiled in FY13, which will lift traffic flow in the casino complex. Operational efficiencies will also lift margins.
The Age 20/05/2013 |
It is getting virtually impossible to find an expert who believes global equity markets are a risky place to invest. As markets on all continents grind higher and higher, the bears are in danger of becoming extinct and the Winston Churchill "voice in the wilderness" warning us of the troubles ahead seems to have departed the scene. When everyone is in agreement, we should start to get a little worried.
The Age 20/05/2013 |
Tiger Australia has continued to narrow its losses due to stronger returns from fares and is operating without restrictions from air-safety authorities.
The Age 20/05/2013 |
When it comes to forecasting the economy - and thereby the budget balance - the econocrats of the Reserve Bank and Treasury are on a hiding to nothing.
The Age 20/05/2013 |
Markets ought to be about competition. To quote historian Niall Ferguson, they should ensure the survival of the fittest, not the fattest.
The Age 20/05/2013 |
Investment bank Morgan Stanley Smith Barney is being sued after losing more than $5 million from the super accounts of two private clients with a series of "aggressive, highly speculative and high-risk" trades using derivatives and share options.
Sydney Morning Herald 20/05/2013 |
It is getting virtually impossible to find an expert who believes global equity markets are a risky place to invest. As markets on all continents grind higher and higher, the bears are in danger of becoming extinct and the Winston Churchill "voice in the wilderness" warning us of the troubles ahead seems to have departed the scene. When everyone is in agreement, we should start to get a little worried.
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