James Packer is finally a step closer to breaking ground on his $2 billion Sydney casino.
On Tuesday, the New South Wales government gave the go signal for Crown Resort’s casino and six-star hotel project on Sydney’s waterfront at Barangaroo, the Sydney Morning Herald reported.
The government’s consent, however, came at a cost: the casino operator agreed to some changes in the structure of the resort’s gaming floor, which includes increasing the width of the public promenade and making several changes to the façade of the western podium elevation, according to the report.
Packer, who own 53 percent of the Melbourne-based Crown Resorts, drew the line at reducing the size of the podium, or the building that houses the gaming floor, telling government officials that “splitting up its gambling offering” could significantly affect the resort’s most important source of revenues.