An artist's impression of the proposed Crown Sydney casino and hotel at Barangaroo.
An artist's impression of the proposed Crown Sydney casino and hotel at Barangaroo.

James Packer wins right to build Sydney's second casino

JAMES Packer's dream of developing a second Sydney casino is one step closer after the NSW Government approved stage 3 of his proposal.

While building approval for the VIP development at Barangaroo is still a while away, the deal allows Mr Packer to "finalise all outstanding issues" before the government decides to accept his final offer.

The preliminary agreement was reached on the conditions an upfront licence fee of $100 million be paid, non-rebate gaming be taxed at 29%, the total licence fee and gaming tax payments not exceed $1 billion and local VIP membership criteria include a 24-hour "cooling off" period for applicants who cannot demonstrate a track record of high-level gaming.


Lorde reigns supreme on first night of Splendour

Lorde reigns supreme on first night of Splendour

NOT even a wardrobe malfunction could derail her headlining set.

DAY 1: Highway to Splendour with Murray Wiggle

DAY 1: Highway to Splendour with Murray Wiggle

Glitter is out, felt hats are out too, and everything 1990s is in

Take STI test for VIP entry to Splendour in the Grass

Take STI test for VIP entry to Splendour in the Grass

STI rates in Australia are rising, with the numbers doubling

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