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PBL Tosses Hat into Ring With Eighth Wonder in Singapore

Tuesday, October 10, 2006

SINGAPORE: As reported by News.com.au: "Publishing & Broadcasting Ltd chairman James Packer made a surprise appearance today with a Las Vegas firm bidding for Singapore's second casino licence.

"MrPublishing & Broadcasting Ltd looks to build 3rd casino in Macau.
Publishing & Broadcasting Ltd looks to build 3rd casino in Macau.
  Packer accompanied Mark Advent, chairman of privately-held Eighth Wonder, when Mr Advent arrived to make his pitch at a special office set up by the Singapore Tourism Board on Sentosa island, where the casino complex will be built.

"Eighth Wonder's presentation was to be followed in the afternoon by that from Kerzner International and CapitaLand, South-East Asia's biggest property group.

"A team from Genting International-Star Cruises, part of Malaysian casino operator Genting Group, would give the last presentation before bids close today.

"A winner for the billion-dollar project will be announced by the end of the year.

"Mr Packer's PBL and Hong Kong's Melco International Development Ltd had expressed an interest in Singapore's first casino licence at the waterfront Marina Bay site but in January withdrew because of high cost.

"PBL and Melco are already developing casino properties in the Chinese enclave of Macau.

"It was not immediately clear what impact the apparent entry of PBL would have on the Sentosa bid.  Analysts had given the edge to Genting, which has tied up with Universal Parks and Resorts of the United States to build a Universal Studios theme park as part of the casino development if it wins.. . ."

Publishing & Broadcasting Ltd.
2nd Floor, 54 Park Street
Sydney, NSW 2000
Phone: (02) 9282 8000
Fax: (02) 9282 8828
Website: www.pbl.com.au
PBL is one of Australia’s largest diversified media and entertainment groups. PBL owns and operates two of Australia’s leading gaming and entertainment complexes, Crown in Melbourne and Burswood in Perth.
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