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Problems our own doing, says Bekier

Matt Bekier.

Matt Bekier.

ECHO Entertainment's finance director Matt Bekier describes this year as a terrible one that he will be pleased to see over.

''I think we have created a lot of turmoil and inflicted a lot of wounds on ourselves,'' he says of Echo.

The drama started when the casino operator's chairman, John Story, was pushed off the board after a campaign by James Packer.

This was followed by disagreements between the chief executive, Larry Mullin, and Bekier and ongoing board tensions.

All this blew up in Echo's first full year as a listed company after its de-merger from Tabcorp.

In doing the de-merger, ''we wanted to create a company where the intrinsic value of licences would be crystallised [but we] dropped the ball on operational performance'', Bekier admits.

He says he would like to be a chief executive some day but is adamant he's not in contention this time around. Echo should announce Mr Mullin's successor by Christmas.

 

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