Packer’s Six-Star Sydney Casino Wins Initial Government Backing

Packer’s Six-Star Sydney Casino Wins Initial Government Backing

Carla Gottgens/Bloomberg

The logo of Crown Ltd. is displayed atop the Crown Casino and Entertainment Complex in Melbourne. Echo’s exclusive casino license wouldn’t necessarily be an impediment to Crown’s plans as the hotel project isn’t scheduled for completion until 2018, Larry Gandler, a Melbourne-based analyst for Credit Suisse Group AG, said in an Aug. 13 note to clients.