After months of delay, Crown’s high roller casino project in Sydney is back on track. Due to a dispute with Lend Lease, the casino operator feared that that venue would not be open on time in 2019 – but, the two parties have finally reconciled. Crown Resorts has been at odds with Lend Lease for several months over the value of the property. Until this dispute was resolved, the project would not be able to go ahead.
Now, Lend Lead has finally submitted a modification plan which aims to settle the dispute – leading to the construction of the Crown Sydney tower to go forward. According to the Sydney Morning Herald, Crown Resorts is pleased with the turn of events. CEO Rowen Craigie says: “Crown will now begin its own planning application processes with the NSW Department of Planning and Environment”.
He states that this is the first important step in the development of the high roller casino. Now that the plan can move forward, the casino is on track to be open by 2019 – its originally grand opening date.
The Crown Sydney casino will be a high roller gambling venue that caters to VIPs from around the world. It will live up to world-class standards – with a six-star 350-room hotel, luxury apartments signature restaurants, bars, retail outlets, spa facilities, conference rooms and a VIP casino floor. The venue will certainly set a new standard for gaming and hospitality across Australia.
It will cost $2 billion to build, and bring in valuable international tourist revenue from Asian high rollers. The venue will also provide thousands of local residents with jobs, further boosting the economy.