Australian Crown Casino Expanding To The Tune of $540 Million

When it comes to making money, the more you invest usually means the better chance you will get good returns. Publishing and Broadcasting are putting that theory to work as they plan for a big money expansion of their Crown Casino, which is located in Australia.

Clarendon Street is the location where there will be a 658 room curved hotel. It will be the third hotel for Crown and will cost an estimated $300 million to build.

Two other hotels are already built and with the new hotel Crown will bring their total number of rooms to an astonishing 1,600.

Also, as part of the expansion efforts, a new conference hall will be built, located next to Crown Promenade hotel.

Crown Towers, their other hotel will receive a face lift in the $65 million range for 430 of their rooms.

Hotels will not be the only place the group will be upgrading. $140 million is going into improving these casinos gaming areas, and the emphasis will be on making them flashier and more up to date.

The target date for the opening of the new hotel is May 2010, and the opening corresponds with the opening of the Melbourne Convention Center.

Melbourne will be the beneficiary of the new hotel as tourism is certainly going to increase. The addition of 4,000 jobs while construction is under way and another 500 when the hotel is done is also an added bonus for the areas economy.

October 1, 2007
Posted By Susan Torres
Staff Editor, CasinoGamblingWeb.com
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