Lasseters International Holdings Ltd. reported unaudited earnings results for the six months ended December 31, 2012. For the period, revenue was AUD 39.957 million against AUD 38.686 million a year ago. Profit from operation was AUD 0.816 million against AUD 1.628 million a year ago. Loss before income tax from continuing operation was AUD 8.999 million against AUD 2.190 million a year ago. Loss after income tax from continuing operation was AUD 9.364 million against AUD 2.734 million a year ago. Profit attributable to equity holder of the company was AUD 9.301 million against AUD 2.777 million a year ago. Net ash form operating activities was AUD 2.828 million against AUD 2.758 million a year ago. Purchase of property, plant and equipment was AUD 3.023 million against AUD 9.800 million a year ago.

Echo Entertainment Group Limited is planning to sell its Jupiters Townsville property to concentrate on its core Sydney and Queensland assets. Echo is in advanced discussions over the sale and is expected to raise between $90 million to $100 million for the property. Sources close to the matter said that Lasseters International Holdings Ltd. and at least one other bidder are involved in the negotiations.

Lasseters International Holdings Ltd. has put Holiday Inn on Flinders up for sale. It is believed that Holiday Inn is will be marketed through Mark Durran of Jones Lang LaSalle. A local investor is in exclusive due diligence to acquire the property.