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Share Facebook Twitter Article share options Share this on Facebook Twitter LinkedIn Send this by Email Messenger Copy link WhatsApp. Crown 'not suitable' to hold Barangaroo casino licence, inquiry hears.
The damning evidence that brought an Australian gambling giant to its knees. James Packer tells Crown inquiry his bipolar medication impairs memory.
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Take advantage of the opulent event spaces, private dining options and stop by the boutique shops for a five-star experience. Crown is home to an array of top restaurants including Nobu, Silks and Woodcut.
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The Southbank and Riverbank accounts which were set up for patrons to deposit money for use at Crown's Melbourne and Perth casinos have become a major focus of the inquiry.
The inquiry has heard that ANZ closed the accounts in after they were used for a series of cash deposits indicative of money laundering.
Crown did not review the suspicious transactions, but opened new accounts with the Commonwealth Bank. CBA shut the new accounts last year after they were also used for a string of suspicious cash transactions.
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Instead, what little open space is left between the towers and podiums is given over to motor vehicles. There is no plaza, no civic reality, no place for community.
All is sacrificed to maximise return on investment. Does any of this make the least sense, and, more importantly, what is the ultimate public gain?
The gaming industry globally is changing from a casino model based on VIP gaming to integrated family friendly resorts that require much larger sites than is possible at Barangaroo.
By far the largest problem confronting Barangaroo is its isolation and lack of transport connections with the city. NSW government incompetence cannot be overstated in this regard.
On completion, 22, people will be stacked on top of one another. So far, crucial transport connections are missing, nor are they likely to be delivered soon.
In the meantime, how are the thousands of workers expected to get to and from Barangaroo? Railway design constraints mean the Barangaroo railway station is poorly located at the northern end of Barangaroo, away from the three massive office towers, to permit the rail alignment connection with Martin Place.
Barangaroo is a mess of colossal proportions, the result of successive government failures. Lord Richard Rogers, the masterplanner, appears to have forgotten the principles that set him apart as such an impressive and articulate champion of the architect as an agent of social capital:.
It was the first time a single developer had been granted seven hectares of city land with a capacity to build ,00 sq m.
The announcement was made on 20 December, when most senior journalists and talkback radio hosts were on leave.
Lend Lease proposed some radical changes, such as a m hotel on a pier extending into the harbour. And an extra 60, sq m of floorspace.
Public anger simmered over the summer and was visceral by the time Lend Lease officially submitted the Barangaroo Delivery Authority-approved plan the following August.
Moore broke ranks with the rest of the delivery authority and declared the hotel unacceptable. She resigned from the authority a little over a month later saying the site was being overdeveloped and the public were being shut out of the process.
Moore has remained staunchly opposed. Anger continued to fester. The park stretching the length of the foreshore was officially dead.
It said more effort should be made to build affordable housing for key workers — Lend Lease had set aside 2. In May Keating again let loose at Moore, after she lodged in the NSW parliament a petition with 11, names calling for an inquiry into Barangaroo.
At one level it will be admired as an ambitious project which kick-started a new wave of urban regeneration for Sydney, a showcase of sustainability and an integral part of the fabric of the city.
On the sidelines the entire time, watching, biding his time and lobbying intensively was the media-heir-turned-casino-magnate billionaire James Packer.
Packer kept the paper on a drip feed of leaks during his campaign, which kicked off in February with his announcement that he wanted to build a six-star hotel at Barangaroo.
Packer promised to allow only appealing gamblers through the doors — rich ones. There would be no pokie machines; no great unwashed gambling away their wages.
Lend Lease began backing away from the hotel on the water in , and in announced they were working on a plan with Packer to combine a six-star hotel resort with his proposed casino, but the exact location was still being decided.
Then, in what was either a show of arrogance or a masterstroke of strategy, Packer proposed the hotel and casino should be put on Barangaroo Central — the part of the site designated as park and cultural space.
Packer was shameless in his pitch, even attempting to mine the alleged competitiveness between Melbourne and Sydney. And why? Sydney had no Crown casino and hotel.
Melbourne, of course, has a Crown casino and hotel.