BETTING ALL IN: MULLIN LEADS ECHO'S $625M PUNT

BETTING ALL IN: MULLIN LEADS ECHO'S $625M PUNT

FEW Australian CEOs would have leaped out of a moving car to escape gun-toting carjackers.

Not many would have played as running back in a college football team alongside players who later became NFL stars.

And how many link the success of their business to the roll of a dice? Meet Larry Mullin, the American-born boss of Brisbane-based casino giant Echo Entertainment.

The 50-year-old was lured to Australia from the United States east-coast casino hub of Atlantic City to head the entity that demerged from Tabcorp last year.

Echo Entertainment is now Queensland’s fifth-largest listed company, with a market capitalisation of $3.1 billion and revenues of nearly $1.8 billion. It employs more than 7000 staff.

Mullin is a laid-back sports-loving family man who has easily transitioned to an Australian lifestyle.

He grew up on the hard streets of Philadelphia, where life experiences had at a young age more than prepared him for anything he would encounter in the world of casinos.

He had the speed and strength to be a football star, but the economic reality of life meant he had to get a job as soon as he left college.

He started his working life at a funeral home and mortuary then took a gamble on a career in the casino industry, starting at the bottom as a hotel porter.

The young Mullin looked and learned. And his rise through the ranks of the gaming industry rivals any match-clinching football play.

Mullin has successfully managed some of the most lucrative gaming properties in the US and has become a personal friend to a string of superstars and celebrities, including Jon Bon Jovi and Jennifer Lopez.

He’s a high-achiever with a highly focussed business mind – the perfect combination to steer a billion-dollar makeover of a company that owns four of the most lucrative gaming properties in Australia.

A business plan that aims to change the perception of our casinos will deliver a total entertainment experience for locals and visitors. Read the entire cover story by getting your copy of Brisbane Business News - out now at a newsagent near you.

Enjoyed this article?

Don't miss out on the knowledge and insights to be gained from our daily news and features.

Subscribe today to unlock unlimited access to in-depth business coverage, expert analysis, and exclusive content across all devices.

Support independent journalism and stay informed with stories that matter to you.

Subscribe now and get 50% off your first year!

AI-driven Evitat platform creates pathway to a more sustainable building and renovation industry
Partner Content
Evitat, an AI-driven data platform, is empowering design and build professionals in the...
Evitat
Advertisement

Related Stories

SEEK hit by $141m impairment for Chinese jobs site Zhaopin

SEEK hit by $141m impairment for Chinese jobs site Zhaopin

Online employment marketplace SEEK (ASX: SEK) has taken a hit from ...

"End of an era": me&u founder Stevan Premutico steps down from board

"End of an era": me&u founder Stevan Premutico steps down from board

Stevan Premutico, a pioneer in QR code restaurant ordering and digi...

ANZ is embroiled in allegations it manipulated government bond sales – what exactly does that mean?

ANZ is embroiled in allegations it manipulated government bond sales – what exactly does that mean?

ANZ is being investigated by the Australian Securities and Investme...

ASX biotech minnow Hexima raising $4m to buy and become autonomous intelligence company RealThing

ASX biotech minnow Hexima raising $4m to buy and become autonomous intelligence company RealThing

More than two years after losing 87 per cent of its value in a sing...