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SKYCITY to Expand Adelaide Casino

SKYCITY Entertainment Group Limited is in negotiations with the South Australian Government that will see it invest up to $250m in expanding and enhancing its Adelaide casino and hospitality facilities, supporting the South Australian Government’s vision for the transformation of the Adelaide Riverfront into a world-class Entertainment Precinct. This investment would support the developments being announced by the State Government, including the Adelaide Convention Centre and Adelaide Oval redevelopment, with the redeveloped facility becoming an important anchor for a redeveloped Riverbank Precinct, bringing renewed life and vibrancy to the city and enhancing its position as a major tourism attraction in South Australia. Whilst remaining subject to a range of necessary approvals, Adelaide Casino’s plans would see the expansion of the current facility towards the river front, featuring new and expanded gaming facilities including private gaming areas; dedicated car parking; and the creation of exciting new sports bars, bars and restaurants. These potential developments will establish the Adelaide Casino as a true world-class integrated entertainment facility. It will enable the casino to compete on an equal footing with similar properties in other major cities, which attract millions of visitors each year. The investment proposal will deliver increased opportunities to derive export income for the State from both regional Australian and international visitors. It would also reduce the outflow of leisure and entertainment expenditure to other States. Adelaide Casino is already one of Adelaide’s largest private employers, and the proposed developments will provide more jobs in hospitality, entertainment and tourism for South Australians. Nigel Morrison, Managing Director of SKYCITY, said the potential expansion of Adelaide Casino would deliver a facility more in keeping with Adelaide’s scale and stature as a leading Australian city. “We believe the Adelaide Casino has great potential and SKYCITY is keen to work with the South Australian Government to deliver increased tourism, jobs and economic growth for the State. Our objective is to deliver a casino in Adelaide which can compete on equal terms with other casinos in Australia and be a key part of the Adelaide Riverbank Precinct.” Adelaide Casino’s General Manager, David Christian, said today’s announcement was an exciting development and would help put Adelaide Casino on the map. “Adelaide Casino is one of several major tourist destinations that calls the Riverbank Precinct “home” and we are excited by the opportunity to develop the casino into a venue that will help revitalise the city fringe. With plans to extend towards the riverfront it creates so many opportunities as a tourism destination and a place that South Australians will equally be able to enjoy.