Allowing Crown casino in Sydney would hit taxes, says Echo report ALLOWING James Packer to build a second casino in Sydney would result in New South Wales losing $14 million of gambling taxes each year, an analysis of the Mr Packer's proposal by rival gaming group Echo Entertainment has found, according to a newspaper report. Accountants PriceWaterhouseCoopers found a second licence so close to Echos The Star casino at Pyrmont would lead to substantial cannibalisation of gambling revenue from local high rollers and lead to a reduction in gambling taxes to the state.