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SkyCity reaches an agreement with the SAG

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The South Australian Government has given the Adelaide Casino and the Riverbank Precinct a go-ahead on the planned expansion. This is after an agreement was signed between the South Australian Government and the management of SkyCity Entertainment Group. Word reaching the media outlets is that the project is scheduled to start in the third quarter of 2016.

Part of the deal between the SkyCity Entertainment Group and the government is that the early stages of the expansion will include grade leveling, modifications to the Festival Drive and structural piling. Additionally, there would be adjustments to loading docks as well as an addition of a temporary pedestrian access plus signage. It has been reported that both the casino and the local government will fund the construction.

Although it looks like the South Australian Government and the management of the SkyCity Entertainment Group will have a good working relationship, there are still negotiations in terms of the Adelaide gaming property.

Image of SkyCity Casino logo

SkyCity to boost South Australia’s tourism

The acting CEO at SkyCity, John Mortensen, applauded the agreement by also pointing it out as an important step towards completing the planned expansion of the casino. He promised that the work would be “an amazing rejuvenation” of the area and expressed expectations for it to boost the tourism industry by attracting “high profile visitors to South Australia.”

The major development plan that was revealed by SKyCity towards the end of 2015, is expected to be worth over $300. SkyCity Entertainment Group wants to turn the property into a world-class destination where tourists will find signature restaurants, a luxurious boutique hotel and brand new VIP gaming salons.

On the other developments, the South Australian Government is believed to have struck a deal with Walker Corporation for the development of Festival Plaza. The company confirmed that its project includes the construction of a car park, one office building and a retail precinct within the next three years.