James Packer backs Star’s US$500M hotel and casino project
The 360-room hotel would become Crown’s US$2 billion project direct competition in Sydney.
Australia.- Star Entertainment Group confirmed its plans to build a 360-room hotel at its casino complex located in Sydney’s Darling Harbor. This project will be located across from the Crown Sydney hotel which fuelled rumours about a war between Crown Limited and Star Entertainment Group .
Truth is, James Packer has supported the Star’s projects expressing that “what’s good for Sydney is good for Australia and what’s good for Australia is good for Crown.” This raises the question of whether this token of support from Packer might result in the Star dropping a legal submission it made regarding the number of modifications from Crown’s original plan, claiming that “would be open to judicial review proceedings in Class 4 of the Land and Environments Court’s jurisdiction.”