Crown Resorts Sydney Casino Ahead of Schedule

Sydney Casino Set To Open Before Christmas 2020, Says Crown Resorts

Crown Resorts founder James Packer says Crown will launch its new Casino in Sydney ahead of schedule.

Packer visited the site of Crown Sydney’s project on Wednesday, which was originally set to open in early 2021. However, Packer told the media that the casino which is located in the Barangaroo district of Sydney will now open its doors before Christmas 2020.

Packer who is planning to spend time living on-site in the two-story penthouse he purchased for $60 million, was very pleased about the early launch date and was “a credit to the Crown team, Lend Lease and our architects Wilkinson Ayre”.

Packer’s tour of the project was affected by smoke from the ongoing bushfire crisis in Australia, which Packer labelled “the worst thing I’ve ever seen”. The Packer family and Crown Resorts together have contributed $5 million to the Australia Bushfire Relief Appeal.

There are plenty of concerns surrounding Crown, who spent the majority of 2019 facing claims of impropriety concerning their Asian VIP gambler services. Crown faces regulatory checks at both federal and state level, focussing mainly on the company’s partnerships with Chinese junket operators.

The controversy might still launch Packer’s plan to sell a 20 percent stake in Crown to his former venture partner Lawrence Ho, who was revealed last year as a director of a company with which Crown was banned from being a partner. The New South Wales Independent Liquor and Gaming Authority will launch an investigation on the 21st of January into the share sale.

Packer stood down from Crown’s board of directors back in 2018 as he battled mental health issues. Roslyn Packer told the media that her son was “shattered” by Chinese authority’s detention of Crown staff in 2016 for marketing Crown’s gambling options to local VIPs.

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