Genting SP

Genting SP: newswires say GENS has built a 4.9% stake in Australian casino group Echo Entertainment Group (EGP AU), which owns and operates the Star City Casino in New South Wales, Jupiters Hotel & Casino on the Gold Coast, Treasury Casino & Hotel in Brisbane, and Jupiters Townsville Casino. Echo trades at 20.4x P/E, 9.7x EV/EBITDA, vs GENS’ 19.7x P/E, 10.8x EV/EBITDA.