Australian operator Crown Resorts has set its sights on launching its VIP casino at Crown Sydney early on in 2022.
During an investor presentation, Crown said it was ‘targeting a gaming floor opening early in the new year with a staged opening based on current staffing levels with further recruitment for gaming related roles to be undertaken ahead of a full commencement of gaming.’
Crown added that it had made ‘good progress’ in bringing in change as detailed in its remediation plan, which was recommended as part of February’s Bergin Report into Crown’s suitability to keep its gaming license.
New CEO Steve McCann said: “I firmly believe the business has turned the corner and it’s been significantly de-risked. The reform program was well and truly under way before I joined Crown and we’ve invested a lot of time and effort since then to continue on that path.
He added: “The VIP gaming facilities will be located across four levels of the building and will offer table gaming, semi-automated table gaming and fully automated table gaming. In the first year of operation, it is anticipated that Crown Sydney will operate in excess of 160 traditional table games and 70 electronic table game terminals. Under the terms of the licence, there is no limit on the number of table games, however the total floor space occupied by table gaming is restricted to 20,000 sq. m. or 20 per cent of the gross floor area, providing scope for future gaming expansion within the terms of the licence. We anticipate having a tiered gaming offering with the entry-level, Crystal room located on level two. The more exclusive Mahogany room will be located on level three. Across these two gaming rooms there will be almost 130 table games and the 70 electronic gaming terminals. These rooms will also feature six gaming salons. Within the tower and across two levels, are the Sky gaming areas which comprise 30 tables across 12 private gaming salons.”
Crown currently employs 420 members of staff in gaming positions at Crown Sydney with all non-gaming facilities now open with the final restaurant, Oncore by Clare Smyth, launching on November 18 2021.
Crown said it had seen business improve in recent weeks, especially over the weekends, as Australia relaxed COVID-19 curbs, but said annual corporate costs were higher than last year at around A$130m.