Crown Towers Hotel Opens But Casino Remains Closed

Crown Towers is open for business but the casino remains closed

Crown Towers hotel opened this week but the lavish casino remains under lock and key. The beautiful venue is Australia’s only 6-Star hotel. “Australia’s most luxurious hotel” is how the national press describes the new hotel.

The Crown Towers hotel rooms took four years to complete and look worth the wait. Staying in these luxurious rooms is not cheap and will seriously damage the bankroll of most gamblers. They aren’t aimed at Crown’s typical customers, they are for well-heeled VIPs and the mega-rich.

A Deluxe King Room costs upwards of $869 per night with a Premier Harbour Bridge Suite setting you back $1,539 per night. Private apartments are available to purchase with a starting price of $9.5 million.

A lavish spa is one of Crown Towers’ main attractions; it is the very definition of opulence. Relaxation rooms, vitality pools, infrared saunas, and experience showers feature over the 2000 square-meter complex.

Diners are spoiled for choice when it comes to choosing a restaurant. Head to Epicurean for all-day dining where you feast on an array of international cuisine. Furthermore, the world’s most recognised Japanese restaurant, Nobu, opens this week. Nobuyuki “Nobu” Matsuhisa and movie star Robert De Niro founded the Nobu chain in 1994. The pair also worked together in the 1995 Hollywood blockbuster, Casino.

An Italian restaurant, a noodle bar, and Woodcut by chef couple Ross Lusted and Sunny Lusted open this week, too. Woodcut uses only Australian produce and cooks it using wood, charcoal, or steam.

Crown Towers Is The Second Tallest Building in Sydney

The $2.2 billion project’s tallest building stands 275 meters tall. Only the Tower Eye is taller in Sydney. It is certainly hard to miss as you approach Sydney.

Peter Crinis is the Crown Sydney Chief Executive. The new complex is an incredible destination for Sydney, according to Crinis.

“Sydney is one of the world’s greatest cities and it deserves a great hotel. Crown Towers will deliver that and so much more. A lot of time has been spent getting the offer right. Our check line-up reflects some of the most exciting names in the culinary food scene. We hope this becomes a destination people want to visit time and time again.”

New Transfer Funds Requirements Introduced

Crown Towers is missing its eagerly anticipated casino and could be for the foreseeable future. The New South Wales Independent Liquor and Gaming Authority (ILGA) withheld the necessary licenses for Crown Resorts to operate its new Syndey casino.

ILGA is set to make a decision about Crown’s future in February. There is a realistic chance Crown does not receive a gaming licence, which would be disastrous for the company.

Crown is desperately trying to improve its compliance ahead of any ILGA decision. It recently announced it is ceasing using highly controversial junkets. The ILGA inquiry heard these junkets were essentially given free rein of Crown’s casinos and money laundering was common.

The gambling giant revamped its rules for transferring funds to its properties in Melbourne and Perth. Crown only accepts money transferred from its members’ personal bank accounts. Cashiers reject and return fund sent from a trust or business account.

Crown sent a letter to its customers on Christmas Eve, a letter detailing the new transfer rules. Gamblers have to provide their name and Crown Rewards number when sending money to the casino. Crown requires banking information for an international transfer in addition to knowing the sender’s personal information.

This is sure to put off Chinese VIPs from visiting Crown’s Melbourne and Perth properties. Likewise, it’s unlikely they’ll visit Crown Towers once the Barangaroo casino opens.

Chinese VIPs make up a huge percentage of Crown’s revenue and, therefore, profits. These super-rich gamblers are naturally secretive and don’t like their gambling to be in the public domain. This is why junkets continue to be profitable ventures.