Crown Resorts’ Sydney VIP venue is set to open three months ahead of schedule – in Christmas 2020, according to company founder James Packer, local media reports.
Packer made the comments whilst touring the construction site of the multi-billion Barangaroo development on Wednesday.
Construction is now around 75 percent complete, with 55 floors in place.
The founder and his company recently made an A$5 million donation into bushfire recovery efforts, which continues to impact the country.
The billionaire declined to comment on ongoing probity checks relating to Crown’s sale to Melco Resorts founder Lawrence Ho, as well as an inquiry into alleged corrupt practices of the company but said he would be willing to give his full cooperation into investigations if required.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Tomakomai Mayor Hirofumi Iwakura has again pressed the Hokkaido prefectural authorities led by Governor Naomichi Suzuki to rejoin the IR race in the current cycle, arguing that the nine-month delay in the national licensing timeline provides adequate opportunity to resolve environmental and other concerns.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.