Tag: New South Wales casino
New South Wales approves Crown casino for Sydney
November 12, 2013
Bloomberg – Crown Resorts Ltd., the Australian gaming company controlled by billionaire James Packer, won final approval from the New South Wales state government to develop a casino in Sydney’s Barangaroo precinct. The agreement between the state and Crown is consistent with the conditions set down in the government’s initial approval in July, New South Wales Premier Barry O’Farrell said in a statement yesterday. Melbourne-based Crown Resorts will operate a gaming resort restricted to “VIP” clients and will provide tax payments of at least A$1 billion ($938 million) in the first 15 years of operation, according to the statement. Crown’s…