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Threat Level ? Privacy, Crime and Security Online

Redmond Quits Echo As Australian Casino Battle Heats Up

February 5, 2014

Echo has come off second best so far in the fight againstCrown for new casino licences on Australia's eastern seaboard,as the country aims to boost its slice of the $34 billion Asiangaming market from its current one percent. Echo Chairman John O'Neill said in a statement that Redmond,55, the former president and CEO of MGM Grand Resorts, had"established solid foundations" for future growth and hadretired for personal reasons. Redmond will be replaced in May by Matt Bekier, the chieffinancial officer and executive director who has been with Echosince it was carved out of Tabcorp Holdings Ltd in2011. O'Neill said there had been "no disputation whatsoeverbetween the board and John" when he was quizzed about Redmond'sdeparture during a media briefing. CLSA gaming analyst Sacha Krien said however that thesurprise move raised questions about Echo's future. "It's not great for investor sentiment, the market will beasking why he's leaving if operations were about to turnaround," he told Reuters.
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Scott Cronick's Casino Action: Bacon Week returns in all its goodness to Trop

It all starts Thursday, Feb. 6, with Michael Che, who was named one of Rolling Stone magazines 50 Funniest People, Buzzfeeds 50 Hottest Men in Comedy and Varietys Top 10 Comics to Watch. The Manhattan resident has been featured at major comedy clubs, particularly in New York, and the New York Times said he has a reflective, laid-back stage presence. Future performances include Rich Vos of Last Comic Standing on Feb. 13; Pat Dixon, best known for his appearances on Comedy Central and the Bob and Tom Radio Show, on Feb. 20; and Ryan Hamilton, named Rolling Stones Five Comics to Watch, on Feb.
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