Genting Bhd has increased its stake in Australia’s Echo Entertainment Group, just weeks after rival Crown Ltd sold its 10 per cent stake in Echo.
Genting raised its stake in Echo to 6.6 per cent from 5.22 per cent via its Genting Hong Kong Ltd unit, according to a regulatory filing.
Financial details were not disclosed. The increase comes as Crown and Echo wage an increasingly acrimonious war to gain a lock in Sydney on tourists from mainland China
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