Echo Entertainment plans move its headquarters from Sydney to Brisbane if it won the casino license.
Echo CEO Matt Bekier told the Courier Mail that moving to Brisbane would make a lot of sense because majority of its operations would be in Queensland.
“If we’re successful at Queen’s Wharf, over 10,000 jobs will be in Queensland and the bulk of our economic activity will shift to Queensland,” Bekier said.
But before Echo Entertainment can pack its bags and make moving plans to Brisbane, the company has to impress the Queensland government to pick its proposal over Crown’s, which might take a lot more work after Premier Annastacia Palaszczuk raised some issues about the project that she wanted to look into.
“My government is committed to seeing the redevelopment of that site,” Palaszczuk said. “However, I do have some issues that I’ve raised with the department and I want them to investigate those issues first before I make further comment.”
Meanwhile, Echo’s rival Crown Resorts Ltd. is expected to begin the formal planning process for its $2 billion Crown Sydney casino after successfully settling a dispute between developer Land Lease and the government-run Barangaroo Delivery Authority involving a myriad of issues.
Land Lease eventually submitted a modified plan to help settle the dispute with the Barangaroo Delivery Authority, paving the way for the company to finally begin construction of Crown Sydney. Part of the modifications of the company’s plan include doubling the size of the hotel that was previously approved, as well as reducing the number of proposed buildings at Barangaroo South to 13 and adding more space to the gross floor area of the property to accommodate the extra hotel, residential and gaming facilities.