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PBL, Australian Government Sign Deal

19 July 2005

AUSTRALIA – As reported by the Australia Herald Sun: "Crown casino will be the centrepiece of a global gaming empire under a new deal with the State Government.

"The casino's parent company PBL will be allowed to use the brand name Crown for all its business ventures, with the Government agreeing to remove the "single purpose restriction" of its original agreement.

"While PBL chairman James Packer has assured Perth its Burswood casino and resort would keep its identity, future gaming ventures in Macao, Taiwan, Thailand, Singapore and Britain are expected to carry the Crown name.

"…Gaming Minister John Pandazopoulos said PBL had agreed to spend at least $170 million on the Melbourne casino complex in the next five years.

"…Mr Packer said Crown's Asian networks would help promote Victoria as a big tourist destination…"

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