BILLIONAIRE James Packer has been given the green light to move ahead and build Sydney's second casino at Barangaroo. The decision by the NSW government means Crown moves to the final stage of the.
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- Lawrence Ho, Stanley Ho and James Packer at the opening of their City of Dreams casino in Macau in 2006. Credit: AP It was this sale that prompted the NSW Independent Liquor and Gaming Authority to announce it would review Packer's licence for his high-rollers' Sydney casino, to determine if the billionaire would be breaching the terms of his contract once the sale to Melco went through.
- James Packer's Crown Resorts warns its $2 billion Sydney six-star hotel and casino is running up to 18 months late. James Packer's Crown delays Sydney Barangaroo casino opening to 2021.
Updated June 28, 2016 21:04:09
James Packer's Crown casino and hotel is to be built at Barangaroo in Sydney after the project was approved by the New South Wales Planning Assessment Commission.
Key points:
- Planning commission approves Barangaroo development, allowing Government to green light construction
- Casino will be set back 30m from harbour for more public space
- Plans have changed multiple times to suit Government requests
The NSW Government can now give it the green light for construction.
It will be built with some modifications to the original plan, which will give more public space at the southern end of Barangaroo.
The developmentwill also be set back 30 metres from the harbour giving extra space for people to walk along the promenade at the western foreshore at the edge of the casino.
The commission said those changes meant 'the public good has been given a more equal status with the private good'.
In giving final approval, a statement from the commission said it had: 'concluded that with the design changes made .. the proposed scale and form of Crown Sydney will be a sculptural and elegant signature building on the foreshore'.
The luxury 'six-star' hotel will comprise more than 300 rooms and suites, apartments, restaurants, bars, shops, conference facilities and VIP gaming rooms.
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The State Government has been negotiating with Mr Packer over the proposal for several years.
It won Government support in 2013, with then-premier Barry O'Farrell declaring it would be restricted to high-rollers and 'not be a full-blown casino' with poker machines.
The development plans have been changed a number of times to suit the Government's requests.
Initially, the development was proposed to be built on the water but that was revised so it would only be built on land.
'Hickson Park has been reconfigured and enlarged to improve sunlight and connectivity to the foreshore,' Planning Minister Rob Stokes said.
'The foreshore boundary between Barangaroo and Sydney Harbour has also been widened to provide a 30-metre promenade in addition to licensed areas.'
In a statement, Crown Resorts said the approval came with 'substantial modifications and conditions'.
'While it has been a long and detailed process, we are pleased with the overall outcome,' Crown Resorts' chairman Robert Rankin said.
'We're deeply committed to building a six-star hotel resort that Sydneysiders and all Australians can be proud of.
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'We will now move quickly with excavation work.'
The Barangaroo development has been a controversial topic for Sydneysiders, with many people voicing concerns about a second casino in the city.
Protesters against local lockout laws have been vocal in their criticism of the Barangaroo development and the Star casino in Darling Harbour, which is excluded from the CBD-wide lockout zones.
University of Sydney problem gambling counsellor Dr Christopher Hunt has misgivings about the casino's impact of problem gamblers.
'The second casino is something that has been marketed as something that's going to be for high rollers, for people who spend .. large amounts of money on gaming tables,' he said.
'We're seeing many more patients who are attracted to this style of gambling, to games like baccarat, roulette, blackjack, and we're increasingly seeing people losing large amounts of money.'
The approval follows Crown Resorts' decision to separate its 'high-performing' Australian assets from its international business, namely underperforming casinos in Macau, which have dragged on domestic interests.
Crown Sydney is expected to be open by 2021.
Topics:urban-development-and-planning, community-and-society, sydney-2000
First posted June 28, 2016 10:47:35
James Packer House
Sat, May 18, 4:50am by Kevin Pitstock
When discussing criticism of his proposals for Sydney harbour developments, James Packer described his critics as “clichéd”. James Packer is the Executive Chairman of Crown Limited, which owns the Crown Casino and Entertainment Complex in Melbourne, as well as the Crown Perth.
Crown Ltd recently announced it had chosen Wilkinson Eyre Architects as the designer of Singapore’s Gardens by the Bay to build the new Crown Casino on the shores of Sydney’s harbour. Wilkinson Eyre Architects, which beat out U.S. firms Kohn Pedersen Fox and Adrian Smith + Gordon Gill for the Crown Sydney project, designed the Millennium Bridge in Gatehead, England. Wilkinson Eyre also built the Guangzhou International Finance Centre. The proposed development is part of a competitive application process directed by the New South Wales state.
New Casino Applications
Crown Limited is in competition with the Echo Entertainment Group. Only one of the gambling corporations is going to be allowed to continue with their development plans. James Packer promised to spend at least $984 million to build a complex. He hopes to lure Asian high rollers to the Barangaroo development site, which is found west of the main business district in Sydney.
The Echo Entertainment Group is the casino division for Tabcorp, trading under the EGP designation on the Australian Securities Exchange. Tabcorp demerged its casino operations in 2011, but the group is associated with the Star Sydney Casino & Hotel. Tabcorp refurbished and reoriented the Star to Sydney Harbour in 2009 with a $475 million refurbishment project.
Project Receives Criticism
Several local architects have criticized the designs, claiming they embrace internationalism and futurism when they should embody the qualities of Sydney Harbour. Philip Cox, founding partner of Cox Architecture, described the overseas design as “tragic” and suggested the plans demonstrated “cultural cringe”. Cox said, “It’s all a bit Macau, isn’t it? Any good Sydney architect could have done as good as, if not better, than those international proposals.”
Joe Agius, the NSW chapter president of the Australian Institute of Architects, took a similar tone: “Architecturally, they do look uncomfortable in a Sydney context”. Agius went on to say they plans were “so unconscious of their context they may as well be in Dubai.”
James Packer Defends Sydney Project
Comments by Mr Cox and Mr Agius were printed in several newspapers, which caused James Packer to describe the critics as “cliched”. Mr Packer’s development uses the sleek curved designs which are trendy now across Asia. It’s no coincidence the designers have ties to Singapore, which might be the current capital of curved skyscrapers in the world.
James Packer New Casino Sydney Today
Every resident in Sydney may soon have their opinion on their latest tower, but Packer is betting they will prefer futuristic over the traditional. The Crown Sydney design reminds one a bit of the Bitexco Financial Tower in Ho Chi Minh City, Vietnam, though the proposed building stands out in the skyline like a giant airplane fin, somewhat like the sail-shape of Burj al Arab in Dubai, UAE.
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