Packer one step closer to Sydney windfall

Packer one step closer to Sydney windfall

By Amber Plum and Daniel Palmer

The 99-year licence was awarded with a number of terms and conditions, including a ban on poker machines at the casino and a ban on public access to the casino’s restricted gaming facility, which will be subject to minimum bet limits. "Today is an important milestone for the Crown Sydney Hotel Resort project," Crown Resorts chief executive officer Rowen Craigie said. "Crown Sydney will help bring additional international and domestic tourists to Sydney, create over 1,200 jobs and generate significant economic growth for New South Wales.

The New South Wales government will reap at least $1 billion in gaming taxes from the first 15 years of Barangaroo's Crown Sydney casino operations under the terms of the $100 million licence, which was awarded by the Independent Liquor and Gaming Authority.

Read more here: Business Spectator

    

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