Crown Resorts has settled a legal dispute with Infrastructure New South Wales (ISNW) and will retain the view of Sydney Harbour from its new VIP property in the city.
A court previously ruled in favour of Crown to stop the construction of a development that would have blocked the sightline from its new resort. However, the government in February sought leave to appeal the ruling.
As a result of the settlement, INSW will not proceed with the appeal, Crown said. The terms are confidential.
“Crown is satisfied with the outcome of the settlement and the retention of the sight lines across Central Barangaroo from the Harbour Bridge to the Sydney Opera House,” the company said in a statement to the Australian Stock Exchange. “Crown remains focused on the delivery of the Crown Sydney Hotel Resort and welcoming our first guests in early 2021.”
AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
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.