The Skycity Entertainment Group has committed $330 million to proceed with plans to expand the Adelaide Casino.
The New Zealand-based company announced that it has reached a development agreement with the State Government for the upgrade. The plans will see the casino add a "luxury" hotel, new VIP gaming facilities, three new bars and three additional restaurants.
Skycity Group Chief Executive Graeme Stephens said they decided to increase the number of hotel rooms in the proposed development from 89 to 123, adding an additional floor to the plans for the expanded building:
“I’m delighted Skycity will play a major role in what will be an amazing rejuvenation of the Riverbank Precinct, while also creating jobs and economic growth for South Australia."
Skycity has also allocated funds within the budget to remodel the existing Adelaide Casino building in the historic Railway Station to match the high standards the new development will set, while protecting its special character which will remain intact.
Adelaide Casino General Manager Luke Walker said the development is expected to transform Adelaide Casino into a truly integrated entertainment precinct for international, interstate and local visitors, as well as creating 800 jobs when complete and up to 1000 jobs during construction.
The expanded development includes a boutique, all-suite hotel, new signature restaurants and bars, including a rooftop bar, and function spaces for up to 750 people for banquets and events.
“We’ve taken a fresh look at both our existing building and the design for the expansion. We’ve redesigned interiors, revitalised social, entertainment, and gaming spaces, and relocated restaurants and bars,’’ Mr Walker said.
Early works on the site of Riverbank Precinct are underway to prepare the area for the developments, which include a retail precinct, office space, open public spaces for all age groups and car parking. Skycity has an agreement with developer Walker Corporation to lease 750 car spaces.
Construction on the expansion of Adelaide Casino will begin in early 2018, following the completion of early works. The redeveloped casino and hotel complex is expected to be completed by third quarter 2020.