The Star to include Resort Tower at Sydney Casino An idea for the addition of a 200-meter resort tower as well as other amenities at the existing Star Casino in Sydney was presented to New Southern Wales Premier Mike Baird and his management.
Gambling operator The license is held by the Star Entertainment Group for the operation of Sydney’s only casino. Nonetheless, the company’s exclusive right is set to expire in 2019. Rival operator Crown Resorts has been granted a license to create a multi-billion built-in resort at Barangaroo. Looking for ways to fight off competition, a plan was presented by the Star for the establishment of a hotel tower perhaps not far from Crown Resorts’ home.
The Star explained so it desires to add luxury accommodation options for its well-to-do Chinese clients. The gambling company’s two Hong Kong-based partners Far East Consortium and Chow Tai Fook have proposed to turn The Star Casino into a six-star, multi-billion-dollar built-in resort with many meals and beverage, accommodation, and activity options.
The three companies are working together in the establishment associated with A$3-billion incorporated resort during the Queen’s Wharf precinct in Brisbane. a spokesperson for The Star said that rich Chinese tourists are looking new exciting locations and that the casino business is interested in capturing their attention. He further noted that Sydney’s occupancy prices are ‘at spillover capability’ and that there’s interest in extra supply. Continue reading article