[U/C] SkyCity Adelaide Casino Expansion | 55m | 12 Levels | Hotel

All high-rise, low-rise and street developments in the Adelaide and North Adelaide areas.
Message
Author
User avatar
[Shuz]
Super Size Scraper Poster!
Posts: 2574
Joined: Sun Apr 10, 2011 5:26 pm
Has thanked: 970 times
Been thanked: 257 times

[U/C] Re: SkyCity Adelaide Casino Expansion | 55m | 12 Levels | Hotel

#556 Post by [Shuz] » Tue May 01, 2018 10:26 am

-Yawn- :roll:

Yet another rehash of whats already been announced and known. I'll believe this when I see it.
Any views and opinions expressed are of my own, and do not reflect the views or opinions of any organisation of which I have an affiliation with.

Jaymz
Legendary Member!
Posts: 529
Joined: Sat Mar 22, 2014 5:12 pm
Has thanked: 31 times
Been thanked: 70 times

[U/C] Re: SkyCity Adelaide Casino Expansion | 55m | 12 Levels | Hotel

#557 Post by Jaymz » Tue May 01, 2018 12:16 pm

[Shuz] wrote:
Tue May 01, 2018 10:26 am
-Yawn- :roll:

Yet another rehash of whats already been announced and known. I'll believe this when I see it.
You pretty much just typed word for word what I was gonna type :lol:

Hybrid
Sen-Rookie-Sational
Posts: 47
Joined: Wed May 29, 2013 8:14 am
Has thanked: 1 time
Been thanked: 11 times

[U/C] Re: SkyCity Adelaide Casino Expansion | 55m | 12 Levels | Hotel

#558 Post by Hybrid » Tue May 01, 2018 12:20 pm

Story on Adelaide Now, also.
ADELAIDE Casino owner SkyCity Entertainment has found a builder for its $330 million expansion on North Terrace, and is due to hand down a major construction contract within weeks.

A letter of intent has already been signed with the unnamed builder and a construction contract is imminent with early works due to be completed by the middle of this month before construction work begins before the end of June.

The expansion, which covers a new luxury hotel, three new signature restaurants and premium gaming areas, is set to be completed in FY21, when work on an expected car park will also be completed.

In February, Adelaide Casino manager Luke Walker told The Advertiser enhanced food and beverage offerings have been the main driver of business and the increase in visitation.

The dining hall of the main concourse of the Adelaide Railway Station will also be converted into a sports bar. Also on the cards is a function and events space catering for 750 people and a range of new bars throughout the precinct.

Adelaide Casino’s proposed expansion at the rear of the train station.
SkyCity expects the expanded property is “likely to take 3-4 years post expansion to reach full potential”.

“Expansion should significantly increase revenue and earnings at the property and deliver acceptable return,” it said.

The NZ casino operator, which is listed on the Australian sharemarket, revealed the details in its investor presentation shared with shareholders on Tuesday.

The group has invested in the Adelaide property in recent years to upgrade ageing infrastructure and opened new restaurants like Sean’s Kitchen and Madame Hanoi, but the presentation also emphasised the need for upgrades to the existing property to “ensure integration between the old and new buildings and maximise overall returns”.

Luke Walker, general manager of Adelaide Casino, and Graeme Stephens, chief executive officer of SkyCity Entertainment Group, overlook the site of the expansion.
Adelaide Casino contributed $78.1 million in revenues during the first half.

On its other properties, SkyCity said it had received “encouraging early interest from broad range of potential buyers” for its Darwin casino business.

The group reportedly wants to sell it for at least $200 million, which is seen to be high.

Proceeds from the sale will be used to repay short-term debt and fund strategic growth initiatives, including investing more across its NZ properties at Auckland, Hamilton and Queenstown.

Total debt is expected to peak at around NZ$1 billion in FY20.

SkyCity also revealed it had uncovered an error in the calculation of its International Business turnover over the past three years, which resulted in an “overstated turnover” for FY16, FY17 and the first half of the current financial year.

It remains on track to achieve at least NZ$10 billion in turnover for FY18 despite the revised downward adjustment.

Shares in SkyCity were trading nearly one per cent lower at $3.75 in early trade.

User avatar
Plasmatron
High Rise Poster!
Posts: 260
Joined: Sun Sep 09, 2007 5:16 pm
Location: St Georges, Adelaide, SA
Has thanked: 27 times
Been thanked: 172 times

[U/C] Re: SkyCity Adelaide Casino Expansion | 55m | 12 Levels | Hotel

#559 Post by Plasmatron » Tue May 01, 2018 2:31 pm

But only 12 levels? You think it would be much bigger for such a prominent location...
Now you're playing with power.

User avatar
[Shuz]
Super Size Scraper Poster!
Posts: 2574
Joined: Sun Apr 10, 2011 5:26 pm
Has thanked: 970 times
Been thanked: 257 times

[U/C] Re: SkyCity Adelaide Casino Expansion | 55m | 12 Levels | Hotel

#560 Post by [Shuz] » Tue May 01, 2018 2:47 pm

It was always going to be 12 levels ever since it was first proposed? No need for it to be any taller.
Any views and opinions expressed are of my own, and do not reflect the views or opinions of any organisation of which I have an affiliation with.

Ben
VIP Member
VIP Member
Posts: 6644
Joined: Mon Dec 19, 2005 11:46 am
Location: Adelaide
Has thanked: 255 times
Been thanked: 1021 times

[U/C] Re: SkyCity Adelaide Casino Expansion | 55m | 12 Levels | Hotel

#561 Post by Ben » Mon May 21, 2018 9:20 am

Announcement today of Hansen Yuncken as the builder. Main works to start next month. Early works are now complete.

ml69
Legendary Member!
Posts: 826
Joined: Mon Jan 03, 2011 11:16 pm
Location: Adelaide SA
Has thanked: 87 times
Been thanked: 66 times

[U/C] Re: SkyCity Adelaide Casino Expansion | 55m | 12 Levels | Hotel

#562 Post by ml69 » Mon May 21, 2018 10:54 pm

Ben wrote:
Mon May 21, 2018 9:20 am
Announcement today of Hansen Yuncken as the builder. Main works to start next month. Early works are now complete.
Great news ... after several years of proposals, announcements, updates, delays and postponements it looks like it's really gonna happen!

Will
VIP Member
VIP Member
Posts: 5521
Joined: Fri Sep 16, 2005 6:48 pm
Location: Adelaide
Has thanked: 544 times
Been thanked: 148 times

[U/C] Re: SkyCity Adelaide Casino Expansion | 55m | 12 Levels | Hotel

#563 Post by Will » Wed May 23, 2018 10:13 am

Article from ABC News:
Adelaide Casino expansion to start next month, creating up to 800 ongoing jobs

By Isabel Dayman
Posted Mon at 3:26pm



Image

Photo: An artist's impression of expanded Adelaide Casino plans released in 2017. (Supplied: SkyCity)

A $330 million redevelopment of the Adelaide Casino will create up to 800 ongoing jobs upon its completion, SkyCity Adelaide says.
Hansen Yuncken was on Monday announced as the builder of the project, which includes new gaming areas, a rooftop bar and a luxury hotel.
Work will begin next month.
The State Government gave the SkyCity Entertainment Group the go-ahead for the redevelopment last July.
Premier Steven Marshall said it would create jobs and grow the state's economy.
"Most importantly, it's going to give us better infrastructure and better facilities to attract interstate and overseas visitors to South Australia," Premier Steven Marshall said.
"[The new hotel] will equal the best in Australia, if not be above it for this type of facility."
Hansen Yuncken was part of a consortium that built the new Royal Adelaide Hospital.
It also undertook the first Adelaide Casino development in 1985.
State manager Mark Rosenboom said the latest project would involve 1,000 construction professionals over its life, and create 800 permanent jobs on completion.
He said Hansen Yuncken would "work predominately with local contractors and suppliers to construct and fit out the 12-level development".



Boost for South Australian tourism
Adelaide Casino general manager Luke Walker said he believed the expansion would create a "significant drawcard" for South Australia.
"The South Australian tourism industry has so much to offer interstate and international visitors, and the introduction of this new facility, complete with luxury hotel accommodation, outstanding food and beverage offerings and world-class entertainment spaces will help to attract high-end visitors to the vibrant Riverbank Precinct and to the state," Mr Walker said.



The start date for the project comes after a number of delays, with SkyCity Entertainment Group previously indicating the build would begin in mid-2016.
Hansen Yuncken and SkyCity Adelaide said construction was scheduled for completion in 2020.
As part of the approval process, the Independent Gaming Authority and State Government said they had made it "very clear" the casino would have to "have systems in place to identify and prevent problem gamblers from accessing premium gaming areas".
Mr Walker said those concerns were being addressed as part of the redevelopment.
"We have world-leading problem gambling services in place," he said.
"It's a full-time roster [of professionals], 24/7, to monitor and detect potential problems and we'll be expanding that team.
"There's two jobs being recruited currently."

GrowAdelaide
High Rise Poster!
Posts: 234
Joined: Thu Jul 06, 2017 11:35 am
Has thanked: 28 times
Been thanked: 70 times

[U/C] Re: SkyCity Adelaide Casino Expansion | 55m | 12 Levels | Hotel

#564 Post by GrowAdelaide » Tue Jun 05, 2018 1:46 pm

Crane base in
Attachments
IMG_1717.JPG
IMG_1717.JPG (416.09 KiB) Viewed 3787 times

User avatar
Matt
Legendary Member!
Posts: 1109
Joined: Wed Feb 07, 2007 12:36 pm
Location: London
Has thanked: 57 times
Been thanked: 66 times

[U/C] Re: SkyCity Adelaide Casino Expansion | 55m | 12 Levels | Hotel

#565 Post by Matt » Fri Jun 15, 2018 9:27 pm

It begins.
Image

User avatar
timtam20292
Legendary Member!
Posts: 1083
Joined: Tue Apr 19, 2016 1:03 pm
Has thanked: 868 times
Been thanked: 146 times

[U/C] Re: SkyCity Adelaide Casino Expansion | 55m | 12 Levels | Hotel

#566 Post by timtam20292 » Sat Jun 23, 2018 4:55 pm

Crane started going up today.

Prodical
High Rise Poster!
Posts: 114
Joined: Sun May 15, 2016 5:10 pm
Been thanked: 119 times

[U/C] Re: SkyCity Adelaide Casino Expansion | 55m | 12 Levels | Hotel

#567 Post by Prodical » Sat Jun 23, 2018 5:18 pm

Cannot wait for this one to go up and also the Walker tower. The view of the CBD from the Torrens that is always on the TV as a backdrop when people are interviewed (Parliament house + railway station) and it has not changed substantively for decades. These new buildings will change all of that, as will the East End apartments and the Sofitel. A great time to be in Adelaide :)

User avatar
Norman
Donating Member
Donating Member
Posts: 5636
Joined: Sun Mar 25, 2007 1:06 pm
Has thanked: 756 times
Been thanked: 1342 times

[U/C] Re: SkyCity Adelaide Casino Expansion | 55m | 12 Levels | Hotel

#568 Post by Norman » Sat Jun 23, 2018 5:34 pm


Jaymz
Legendary Member!
Posts: 529
Joined: Sat Mar 22, 2014 5:12 pm
Has thanked: 31 times
Been thanked: 70 times

[U/C] Re: SkyCity Adelaide Casino Expansion | 55m | 12 Levels | Hotel

#569 Post by Jaymz » Sat Jun 23, 2018 11:43 pm

Prodical wrote:
Sat Jun 23, 2018 5:18 pm
Cannot wait for this one to go up and also the Walker tower. The view of the CBD from the Torrens that is always on the TV as a backdrop when people are interviewed (Parliament house + railway station) and it has not changed substantively for decades. These new buildings will change all of that, as will the East End apartments and the Sofitel. A great time to be in Adelaide :)
Sofitel still doubtful. 3 + years since its announcement and still nothing.

Smithy85
High Rise Poster!
Posts: 240
Joined: Mon Jan 26, 2015 11:31 am
Has thanked: 22 times
Been thanked: 16 times

[U/C] Re: SkyCity Adelaide Casino Expansion | 55m | 12 Levels | Hotel

#570 Post by Smithy85 » Sun Jun 24, 2018 2:08 pm

Given that they applied 5 days ago to demolish the existing building and start construction of the Sofitel, I would say there’s probably not much doubt left.

Post Reply

Who is online

Users browsing this forum: No registered users and 10 guests