Crown to expand Burswood casino
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Casino operator Crown will spend $568 million on a new luxury hotel at its Burswood complex in Perth.
The James Packer-controlled company said Crown Towers Hotel would be the largest in Perth, and create 500 new jobs once completed, plus 700 construction jobs.
Construction of the hotel tower will begin in 2013, with completion expected in 2016.
The development will be built on land currently owned by Burswood, plus land to be bought from the West Australian government for $60 million.
As part of its land purchase agreement with the government, Crown will be allowed to operate an additional 500 poker machines and 1,300 gaming tables at the Burswood casino.
The new gaming tables and machines will be rolled out over the next five years.
"The new hotel comes at a time when Perth and Western Australia are in desperate need of additional luxury hotel and short term accommodation to satisfy the demands of business travellers and tourists and will put Perth firmly back on the map for leisure travellers seeking exclusive, resort-style experiences," Crown said in a statement.
Some regulatory approvals are required before construction can begin.