An musicians’ 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, with the creation of the skyscraping $1.1 billion casino resort.
The 72-story Crown Sydney Hotel Resort project has cleared the final hurdle, signed down on Monday by the New South Wales Planning Assessment Commission, now awaits the formality of a green light through the local government for construction to start. Crown was also awarded a gambling license that is 99-year.
The casino resort complex, that will be Sydney’s 2nd, after Star Casino, will tower above Barangaroo on the edge that is northwestern of’s central business district and will aim to attract high-rolling gamblers from Asia.
Crown Resorts recently announced it would offer $800 million of its shares in Macau-based Melco-Crown, reducing its stake from 34 percent to 27 per cent, reigning in its expansion in Asia in order to concentrate on projects closer to house.
Such as the Sydney casino, Crown has costly developments that are new for Melbourne and Perth and, as Macau’s fortunes tumble, they evidently decided that it’s safer to lure Asian high-rollers to Australia.
The Crown Sydney will boast a hotel that is 300-room apartments, restaurants, pubs, stores, conference facilities and VIP video gaming rooms. Crown has stat