J.P. Morgan Australia analyst Don Carducci expects Crown’s Sydney casino to initially open with approximately 160 tables, with scope to expand.
The thoughts are in line with commentary from Crown Resort’s executives during an investor call on Monday morning, stating that Crown Sydney’s gaming space is allowed to expand up to 20,000 square meters, though current floor space utilization is “materially less than 50 percent of what we’re capable of,” noting that there’s an empty floor that is set up for gaming.
Carducci said based on its estimate of current table per square meters, using up the rest of available space will add around A$100 million in additional annual table revenue (if demand remains constant). Crown Resorts says it is hoping to launch gaming operations at its Sydney casino in early 2022.
