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Both Crown Resorts and The Star Entertainment Group get good news regarding their respective Sydney casino expansion projects.


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Both Crown Resorts and The Star Entertainment Group get good news regarding their respective Sydney casino expansion projects.


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Star Casino will push on with plans to build a $ million Crown's tower (left), set to be complete in , and the Star's rejected tower.


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It said it has stood down about 8, staff and terminated casuals and contractors. That, it said, would provide sufficient liquidity for an extended period of shutdown. Crown Resorts. Those estimates include operating expenses, drawdowns by employees on accrued annual and long-service leave entitlements, payables offset by receivables, interest payments, and capital expenditure payments, Star said. This article is more than 1 month old.

Staff stand downs and debt-funding facilities detailed, while terms agreed to allow Barangaroo build to continue. A slowdown or halting of major construction projects would be a further blow to the Australian economy. Staff were also crown vs star casino to draw down on existing annual and long-service leave.

Anne Davies. Published on Thu 16 Apr

Many of the luxury units have also been sold to offshore investors. Crown Resorts has agreed on terms with the three banks funding the construction of its Barangaroo casino project pictured in Sydney to allow building to continue, the company has announced. It did not provide estimates of how long its cash would last.