Sunday 15. November, 2015

Adelaide Casino’s $300 Million Expansion Plans Revealed

Adelaide Casino’s parent company, SkyCity, has revealed the $300 million expansion plans for the casino which will include gaming suites, a luxury hotel and restaurants. The casino expansion is part of a wider project to revitalise the Festival Centre plaza.

The plaza upgrade is planned to cost $610 million and will include the casino expansion, a 24-storey office tower, shops, restaurants, cafes, bars and a 1,560-space underground parking garage. The office tower, planned by property mogul Lang Walker will be situated on Station Rd, northwest of Parliament House. The plans also include the Torrens footbridge that will connect the Adelaide Railway Station, the casino precinct and the wider plaza.

The casino expansion is possible due to a deal that allowed it to acquire the Riverbank land. The planned 80-room hotel will overlook the River Torrens, while its gaming suites will be built to appeal to its VIP players. The casino is planning to add an additional 110 gaming tables and 500 poker machines. The development will also include a boutique, restaurants run by renowned chefs, a gym and pool.

SkyCity is selling its Federal St parking garage in Auckland to raise funds for the building and they are looking for a capital partner. According to chief executive Nigel Morrison the lack of parking in the area remains a challenge for the casino; however, the Walker Corporation has agreed to lease 750 of the parking spaces that will be built in the parking garage.

“This development will help transform Station Rd into a true entertainment precinct and SkyCity’s investment will create much-needed jobs and economic growth for South Australia and complement the redeveloped Adelaide Oval and the new and expanded Adelaide Convention Centre,” announced Mr Morrison.

Exterior development plans have been lodged with the Development Assessment Commission.


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