Crown Limited (ASX:CWN) says it has amended its application for regulatory approval to increase its ownership of Echo Entertainment Group Limited (ASX:EGP).
Crown is now seeking to acquire more than 10 per cent of shares in Echo to a maximum of 25 per cent.
The news follows fund manager Perpetual Limited (ASX:PPT) being granted approval yesterday, to increase its shareholding in Echo from 10 per cent to a maximum of 15 per cent.
In the first half of the 2012 financial year, Crown generated a net profit of $274 million.
