Crown Looks to Western Sydney
In a shock announcement on KIIS1065 and WSFM Radio, it appears that NSW may be looking at the possibility of a third casino. James Packer is looking to Western Sydney with a $1.3 billion takeover of the Rooty Hill RSL.
The precinct covers nine hectares and includes a range of services for a comprehensive casino and entertainment development. The site is currently home to the largest Gymnastics facility in the Southern Hemisphere and includes a Novotel Hotel, four restaurants, a theatre and AMF Bowling, as well as an established gaming floor with its own restaurants.
“Rooty Hill RSL is the largest and most iconic Club in Australia; it does make good business sense,” announced Simon Greally, General Manager of the Rooty Hill RSL.
The RSL earns its revenue largely from its entertainment and gaming facilities with its 70,000 members as well as 3.5 million visitors to the precinct on an annual basis. The addition of a full-fledged casino is expected to increase the revenue for the site significantly.
A development at the site would likely increase the gaming floor and dining facilities that already exist and an opening of a new development could be expected as early as 2020.
This project would run in parallel to Crown Resorts‘ Barangaroo development which they just received state government approval for after a two-year planning battle and which is expected to open around 2021. The Barangaroo development is planned to be a luxury casino and hotel resort which will be a rival to The Star Casino across the harbour.
A casino in Western Sydney would likely attract a different clientele to the other two NSW casinos; however this site has the potential to become the largest casino and entertainment venue in NSW.
April 16, 2017