Crown Sydney’s one-of-a-kind VIP Crystal Room opens today at the A$2.2 billion ($1.6 billion) Barangaroo entertainment hub, which has already been open for about a year and a half with rooms, dining, shops and bars. .

The recently reformed company was granted a license to begin gambling operations in late June after a tumultuous time with NSW gambling regulators and a complete C-Suite restructuring and sale that forced out James Packer and other former owners and leaders. Received. Blackstone announced its completion Purchase of Crown Resorts on June 24, 2022.

In the near future, another VIP room called Mahogony will open, as well as 12 Salons Privé on the 28th and 29th floors of the 75-story luxury skyscraper, which took 50 months to build. Overall, the facility offers about 160 gaming tables and 70 electronic gaming machines. No firm dates have been announced for future openings of VIP or members-only outdoor terraces and premium dining options.

Two VIP rooms, a dozen private halls

The gaming portion of the property was delayed after a commission investigation into allegations of money laundering concluded that Crown Sydney’s NSW casino license with other facilities due to commence operations in December 2020.

The timing of Blackstone’s closing may be related to the acquisition of Crown and the granting of a temporary casino license. However, the entity’s demise did not clear the air for other Crown gambling assets still in conflict with their jurisdictional regulators.

Philip Crawford, in a late June statement issued by ILGA chairman, noted that the conditional license period would give regulators the time and conditions necessary to oversee the license’s appropriateness assessment.

Exact fit

“New systems and internal control measures have been put in place and will be in place from day one.” Crawford said. He added, Crown is required to implement a series of stringent controls to prevent money laundering and criminal infiltration of the NSW business model. What happened in Crown’s interstate operation will not be repeated in NSW.

With a thorough cleanup of the board and senior executives, Crown has made significant progress and has agreed to continue working to get the casino license back.

Crown Resorts said in a June filing with the Australian Securities Exchange that independent auditor Kroll Associates would oversee operations during the interim license period, which expires at the end of 2023.

Crown Sydney’s new CEO Simon McGrath said of the gambling facilities:[This] It sets a new standard in luxury and elegance – from room design to the overall member experience. The lounge floor is flooded with natural light to highlight the unparalleled water views, while the decor and furnishings are of the highest quality and standard.

It is the only casino of its kind in Australia where all customers must be a member or guest of a member and undergo comprehensive checks.

Source: Crown Sydney opens the doors to a VIP-only casinoChannel 9 news, August 8, 2022

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