Gaming company Echo Entertainment Group Limited
(ASX:EGP) is reportedly considering a joint venture agreement with Crown Limited
(ASX:CWN) if Crown increases its stake to 25 per cent.
Crown amended its regulatory approval application last month in a bid to boost its ownership of Echo from 10 per cent.
According to Fairfax Media, Echo is open to James Packer’s proposal to create a joint venture aimed at the international high roller market in Australia.
The reports says senior figures from both Echo and Crown have informally talked about the VIP plan and Echo is open to the prospect.
However a source has told the paper the deal will only be formally discussed if Crown secures a larger stake in its gaming rival.
In the first half of its 2012 financial year Echo posted a net profit of $70.2 million.
