ASIAN HIGH-ROLLERS HIT OUR CASINOS

Written on the 29 May 2012

ASIAN HIGH-ROLLERS HIT OUR CASINOS

BILLIONAIRE high-rollers from Asia, flown in on luxury private jets, are already frequenting Queensland casinos as part of ASX-listed Echo Entertainment’s multi-million dollar plan to position its gaming properties as prime destination for international tourists.

Echo CEO Larry Mullin (pictured) says Treasury Casino in Brisbane and Jupiters Casino on the Gold Coast, along with other tourist facilities in Queensland, have to aggressively compete with luxury hotels and casinos in Asia.

“There are some amazing properties in South-East Asia that people there have become accustomed to. If we don’t have similar amenities to what they can get at home, we are going to be in a lot of trouble,’’ he says.

“[Echo] is in the midst of going offshore to attract as many high-end customers as we can to visit here. Some of them have already been playing in our properties in Queensland.’’

While some tourism bosses have criticised Echo’s strategy of using casinos to lure Asian visitors, Mullin makes no apologies for the company’s bold expansion plans. He says Echo plans to change the way Queenslanders view casinos.

In an exclusive interview in this month’s edition of Brisbane Business News, Mullin reveals why he believes the state’s fifth largest company is a takeover target; he outlines his plans to get more Queenslanders to visit casinos; and details how Echo has moved on after the Star City fiasco in Sydney.

Read the fascinating and frank interview only in Brisbane Business News – out now at a newsagent near you.


Latest News

ANSELL'S SHARE PRICE SWELLS AFTER SALE OF CONDOM BUSINESS

IT'S one of Australia's most successful and enduring manufacturing success stories and the Ansell condom busi...

TOPSHOP GOES INTO ADMINISTRATION AMID VOLATILE RETAIL MARKET

TOPSHOP has become the latest in a string of retailers blasted by the volatile retail market, as the iconic fashio...

SIGMA'S SHARE PRICE TAKES A BATTERING AS IT LAUNCHES LEGAL ACTION OVER SUPPLY DEAL

SIGMA Healthcare (ASX: SIG) has taken the MyChemist and Chemist Warehouse chains to court to demand they continue to ...

DREAMWORLD UNDER 'REVIEW' BY OWNERS ARDENT LEISURE AS ACTIVIST INVESTORS PUSH FOR BOARD POSITIONS

DREAMWORLD owner Ardent Leisure (ASX: AAD) is considering the future of the theme park which may be redeveloped or so...

Related News

TOPSHOP GOES INTO ADMINISTRATION AMID VOLATILE RETAIL MARKET

TOPSHOP has become the latest in a string of retailers blasted by the volatile retail market, as the iconic fashio...

SIGMA'S SHARE PRICE TAKES A BATTERING AS IT LAUNCHES LEGAL ACTION OVER SUPPLY DEAL

SIGMA Healthcare (ASX: SIG) has taken the MyChemist and Chemist Warehouse chains to court to demand they continue to ...

REGIONAL BANKS HIT OUT AT RATING CUT AND WARN BIG FOUR WILL BENEFIT

REGIONAL banks have hit out at a downgrade on their credit ratings, warning that it will increase their wholesale fun...

THE COMPANY THAT DECIDED IT WAS GOING TO GIVE A CRAP THANKS TO CROWD FUNDING

SIMON Griffiths is using toilet paper to save the world.

In 2012, on the back of an IndieGoGo crowdfunding campaig...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter