SkyCity Entertainment Group has decided to invest AUD330m ($264.2m) to expand and transform the Adelaide Casino on the Festival Plaza forecourt into an integrated entertainment destination.
The scope of the project includes remodelling the existing Adelaide Casino building, adding a luxury boutique hotel featuring 123 rooms, new VIP gaming facilities, three new bars including a rooftop bar and three additional signature restaurants.
The expanded development also offer function spaces for up to 750 people for banquets and events.
SkyCity CEO Graeme Stephens said that the company has decided to increase the number of hotel rooms in the proposed development from 89 to 123, constructing an additional floor to the plans for the expanded building.
Stephens added: “We believe there is demand for more quality hotel rooms in Adelaide from both domestic and international visitors. This provides a better-balanced product while also helping South Australia realise its full potential as a premium tourist destination.”
Adelaide Casino general manager Luke Walker said: “This development will 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.”
Preliminary 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.
Construction will start in early 2018 while the redevelopment of casino and hotel complex is slated to be completed by the third quarter of 2020.