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Genting Hong Kong Plans to Raise Australian Echo Entertainment investment • This Week in Gambling
From Bloomberg – Lim Kok Thay, the billionaire chairman and chief executive officer of Genting Bhd. (GENT), comments on his plan to boost its stake in Echo Entertainment Group Ltd. (EGP) He spoke in an interview in Kuala Lumpur today. Lim is Malaysia’s third-richest man with an estimated net worth of $7.5 billion, according to the Bloomberg Billionaires Index. On the Echo Entertainment investment: “Australia, we bought a stake in there at a time when Mr. James Packer invested first. And now of course Mr. Packer has sold his stake in Echo. We have done nothing since our initial stage,...
This Week in Gambling