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Crown Casino Plans to Build Hotel

On October 2nd, 2007, the Crown Casino plans to construct the biggest hotel facility in Australia as part of their property expansion worth $540 million. The construction of the 3rd hotel facility, a 658 room establishment on Clarendon St. will start this month.

The Crown Casino will spend $40 million to construct a conference facility adjacent to the Crown Promenade hotel. The total remodeling of the Crown Casino will be financed by the parent organization of the Crown Casino, the Publishing and Broadcasting Company.

The company earned $567 million last year. The $300 million worth hotel facility will increase the number of available rooms in Crown Casino to 1,600. Crown Melbourne Chief Executive David Courtney hoped that Planning Minister Justin Madden would pass the building permit for the twenty-seven storey building project.

Crown Casino is hoping that the application will be categorized as a matter of importance so that it will be approved immediately. Mr. Madden's spokesperson Licardo Prince commented that the application is being carefully studied.

Mr. Courtney and Tourism Minister Tim Holding announced the redevelopment on the vacant location. Mr. Courtney added that the hotel facility will be promoted at tourism and convention events. It would open for business on May 2010 to take advantage of the $1 billion Melbourne Convention Center being constructed on the banks of the Yarra near Jeff's Shed.

Courtney said that the redevelopment plans will be a good addition to Melbourne's tourism industry. The project will also make 4,000 jobs during the building process and another 500 jobs after the construction.

The new hotel facility will feature numerous merchandise shops, while the upper floor would offer a pool and health spa with a good view of the city. The hotel facility would also contain a hospitality training center. But the project was not without some controversy.

It was reported that players lost $9 billion in ten years since the Crown Casino opened for business. The Interchurch gambling Task Force asked how much of the cash for the remodeling efforts had come from the pockets of chronic gamblers. But Courtney

 

Monday, October 22 , 2007
Brian Letendre