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An designers’ rendering of Crown’s towering Crown Sydney Hotel Resort, which was green-lit this week
James Packer’s Crown Resorts has received approval to transform the skyline of Sydney, Australia, with 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 brand New South Wales Planning Assessment Commission, and today awaits the formality of the green light through the local government for construction to start. Crown had been also awarded a gambling license that is 99-year.
The casino resort complex, which will be Sydney’s 2nd, after Star Casino, will tower above Barangaroo on the edge that is northwestern of’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 %, reigning in its expansion in Asia in order to concentrate on projects closer to home.
Like the Sydney casino, Crown has costly new developments earmarked 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 300-room resort with flats, restaurants, pubs, stores, conference facilities and VIP gaming rooms. Crown has stated th Continue reading Crown Resorts $1.1 Billion Sydney Casino Project Cleared for Take-Off
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