Echo Entertainment shares are on a tear after the new casino tender win in Brisbane

An artists impression of the Queens Wharf redevelopment in Brisbane.

Shares in Echo Entertainment are soaring after the casino group won a $2 billion tender to rebuild Brisbane’s Queen’s Wharf precinct.

CEO Matt Bekier says the development of a major hotel, casino and residential complex will be as good as anything in Macau, Singapore or any other destination in the world.

The share price is up more than 4% today to $5.06.

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