9 Jan 2014

Decision on Sydney casino due in March

10:45 am on 9 January 2014

An Australian gaming authority is set to decide within three months whether to grant James Packer a licence to build Sydney's second casino.

The Independent Liquor and Gaming Authority (ILGA) on Wednesday called for public submissions on the suitability of billionaire Mr Packer, Crown and its associates to operate the proposed casino.

The planned $1.3 billion luxury resort and VIP-only casino at harbourside Barangaroo has bipartisan support from both the New South Wales government and Labor opposition but must still obtain ILGA and planning approval.

The state's Casino Control Act requires that any holder of a casino licence has to be regarded by the ILGA as a "suitable person".

However, Crown only recently had to pass those hurdles to get approval to boost its stake above 10% in rival Echo Entertainment, which is the operator of Sydney's existing casino, The Star.

Crown sold its Echo stake before winning approval from the NSW government to build the Barangaroo hotel-casino, in July.

The NSW government rejected Echo's proposal to further develop The Star.

However, that approval process, which took 14 months, would assist in the current investigation, an ILGA spokesman told AAP. He said the probity clearance was expected to be completed in March.

Crown's core casino operations are in Australia and Macau. It also has interests in the United State and the UK, and plans to develop casinos in the Philippines and Sri Lanka.