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Perpetual lifts its stake in Echo Entertainment Group | 9th July 2012 : WorldCasinoYellowPages

Perpetual lifts its stake in Echo Entertainment Group

... 09 July 2012

It is possible that Echo shareholders may also be allowed to lift their stakes following the regulators’ approval for Perpetual to lift its potential stake in Echo Entertainment Group. Approval has been given by the NSW Independent Liquor & Gaming Authority and Queensland minister for increase of the potential maximum voting power in Echo from the existing 10% to 15% by the Perpetual Investment Management. Echo commented that the approval would supersede the restriction of the shareholder in Echo’s structure with the understanding that the voting of a person should not cross the limit of ten percent without the written permission of the NSW Independent Liquor & Gaming Authority and the Queensland Minister.

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