An musicians’ 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, because of the creation of a skyscraping $1.1 billion casino resort.
The 72-story Crown Sydney Hotel Resort project has cleared the hurdle that is final finalized down on Monday by the New South Wales Planning Assessment Commission, and now awaits the formality of the green light through the state for construction to start out. Crown was additionally 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 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 focus on projects closer to house.
Such as the Sydney casino, Crown has expensive new developments earmarked 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 300-room hotel with flats, restaurants, pubs, stores, conference facilities and VIP video gaming rooms. Crown has said t