An artists’ rendering of Crown’s towering Crown Sydney resort Resort, which ended up being green-lit this week
James Packer’s Crown Resorts has received approval to transform the skyline of Sydney, Australia, because of the creation of a skyscraping $1.1 billion casino resort.
The 72-story Crown Sydney Hotel Resort project has cleared the final hurdle, finalized off on Monday by the New South Wales Planning Assessment Commission, and today awaits the formality of the green light from the local government for construction to begin. Crown ended up being also awarded a 99-year gambling license.
The casino resort complex, which will be Sydney’s second, after Star Casino, will tower above Barangaroo on the northwestern side of Sydney’s central business district and certainly will aim to attract high-rolling gamblers from Asia.
Crown Resorts recently announced it would sell $800 million of its shares in Macau-based Melco-Crown, reducing its stake from 34 percent to 27 percent, reigning in its expansion in Asia in order to concentrate on projects closer to home.
Including the Sydney casino, Crown has expensive developments that are new for Melbourne and Perth and, as Macau’s fortunes tumble, they evidently decided that it is safer to lure Asian high-rollers to Australia.
The Crown Sydney will boast a hotel that is 300-room apartments, restaurants, bars, shops, conference facilities and VIP video g Читать далее