Crown Sydney

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Crown Sydney
Location Barangaroo, Sydney, Australia
Opening date 2019 (Casino) 2018 (Hotel)
No. of rooms 350
Casino type Land
Owner Crown Limited Group
Architect Wilkinson Eyre Architects
Website www.crownsydney.com.au

Crown Sydney is a casino and hotel resort that is approved for construction in Barangaroo, Sydney, Australia. When it opens in 2019, it will be the second legal casino in Sydney (the other being The Star). However, unlike The Star, Crown Sydney's casino will only operate with VIP membership restrictions. With a height of 275 m (902 ft), it will become the city's tallest building, surpassing the Citigroup Centre.

Construction is expected to start in 2015.[1]

History[edit]

James Packer's casino group, Crown Limited, presented an A$1 billion+ proposal to Premier O'Farrell in February 2012 to build a hotel, casino and entertainment complex at the site on land that was set aside for open space at Barangaroo Central. The Premier initially welcomed the proposal, yet cautioned it would need to gain regulatory approval before going ahead.[2] The proposal drew widespread criticism from the Lord Mayor, Clover Moore MP, Paul Keating, and former government architect, Chris Johnson.[3] In October 2012, Premier O'Farrell announced that the NSW Cabinet reviewed the proposal and decided that the government will enter into detailed negotiations with Crown Limited for the establishment of a casino and hotel complex at Barangaroo.[4] Tony Harris, a former NSW Auditor General was critical of the decision−making process, claiming the public could miss out on millions of dollars.[5]

Defending his position, Packer opined in The Sydney Morning Herald:[6]

"With our harbour and climate, Sydney should be one of the world's best destinations, but we are being let down by an under-investment in quality tourism infrastructure.... A world-class landmark resort on Sydney Harbour can be the catalyst to help turn the city around, just as Crown assisted in the turnaround of Melbourne.... Some commentators have raised the process we are undertaking to progress our proposal. The NSW unsolicited proposal process exists to allow any organisation with unique ideas to make a submission to the government. We have followed that process to the letter and, despite reaching stage two, there is a long way to go.... For a hotel resort in Sydney to be a landmark building that will attract millions of visitors, it must be on Sydney Harbour. Barangaroo is the only waterfront and harbourside location in the Sydney CBD that will accommodate such a development."

In July 2013 after a recommendation from an independent steering committee Premier O'Farrell announced the Crown proposal would be moved to Stage 3 of the unsolicited proposals process, the final stage where the parties will negotiate a binding contract.[7] The government is to receive a $100 million upfront fee for the license, despite being offered $250 million with alternative tax arrangements which the steering committee's economic advisor Deloitte calculated was a superior offer.[8] Crown's intention is to lure Chinese high-rollers to its Sydney casino leveraging off its interests in its Macau casinos and taking advantage of a new streamlined visa process introduced by the Australian government for Chinese citizens wanting to gamble at Australian casinos.[9] In November 2013, it was announced that Crown Sydney received approval for the casino license and place at Barangaroo.[10]

See also[edit]

References[edit]

External links[edit]

Coordinates: 33°51′40″S 151°12′04″E / 33.86100°S 151.20101°E / -33.86100; 151.20101