Crown Perth gets approval for more pokies
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Crown has received government permission for an additional 500 gaming machines its new six-star luxury hotel development proposed for Perth.
Crown on Monday said the Gaming and Wagering Commission of Western Australia had given approval for "additional gaming product" at Crown Perth, conditional upon the development of Crown Towers Perth proceeding.
"The commission has approved an additional 500 electronic gaming machines (phased in over five years) and an additional 100 table games (phased in over four years)," Crown said in a statement to the Australia Securities Exchange.
It also said the commission would consider Crown Perth's application for the remaining 30 table games when it considered variations to the licensed casino area to accommodate the new VIP gaming salons proposed as part of the development.
Crown Towers Perth would be developed at a total cost of $568 million, taking Crown's investment in Perth to over $2.2 billion dollars, the company said.
The luxury hotel will provide employment for over 500 people when completed and create an additional 700 construction and construction-related jobs over the three-year building period.
Crown said it was committed to making Crown Perth a world-class entertainment precinct to compete not only in the region with the integrated resorts in Singapore and Macau, but also globally to capture a share of the expanding Asian tourism market, particularly out of China.