Australian casino hires Macau gaming executive

Macau Business Daily – Veteran Macau gaming industry executive Greg Hawkins has been appointed managing director of The Star casino resort in Sydney, its operator Echo Entertainment Group Ltd recently confirmed. Hawkins is expected to take up the role in September, after getting necessary regulatory approvals, the company said yesterday, according to Australian media reports. He replaces Frederic Luvisutto, who resigned in December to pursue new career opportunities. “Having managed both a premium VIP hotel and casino and a large-scale integrated resort in Macau, Greg also brings experience in the Asian VIP and premium mass market where we see further…

Genting Hong Kong Plans to Raise Australian Echo Entertainment investment

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,…