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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Packer Releases First Details Of Sri Lanka Integrated Resort Proposal

Packer Releases First Details Of Sri Lanka Integrated Resort Proposal

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sriranga

sriranga
Co-Admin
Packer Releases First Details Of Sri Lanka Integrated Resort Proposal 90542610

Crown Limited yesterday released draft images, project details and a website for its proposed 5-star luxury integrated resort in Colombo, Sri Lanka.

It is intended that the integrated resort, to be branded "Crown Sri Lanka", will be a "must-see" landmark tourist resort located by the side of the Beira Lake in the heart of the Colombo resort district. Crown Sri Lanka is intended to be contemporary and iconic in design and will provide a luxury resort experience that the Crown brand is renowned for throughout Asia.

The proposed Crown Sri Lanka Resort will be a facility with approximately 450 rooms and suites, signature dining experiences and entertainment offerings, conferencing and event spaces, gaming areas, retail outlets and a specially designed water feature attraction on the Beira Lake.

On the immense international tourism opportunity provided by the project, Chairman of Crown Resorts, James Packer said:

"A proposed Crown resort would help redefine luxury tourism in Sri Lanka and play a significant role in helping to drive increased international in-bound tourism, especially from the emerging middle classes in India and China."

Mr Packer recognised the growth of tourism in Sri Lanka and his personal fondness for the country, stating;

"Sri Lanka is a beautiful and unique country, it has overcome a great deal of adversity and is growing strongly, I am confident it has a very bright future. I am extremely excited about working together with the Sri Lankan people, because the country has huge tourism appeal and the potential to develop a mass traveller market. I truly believe as a destination that it is "Sri Lanka's time to shine in Asia."

An integrated resort on the waterfront in Colombo can also assist Sri Lanka to compete with other global cities for major international conferences and events. Integrated resorts are now regarded by governments and tourism authorities as critical pieces of tourism infrastructure. The proposed Crown Sri Lanka Resort could serve as a key feature of future Sri Lankan bids for world class sporting, business and cultural events. Mr Packer stated.

Crown noted that it remains in detailed discussions with the Sri Lankan Government and potential joint venture partners on the proposed project. Both the Sri Lankan Parliament and the Sri Lankan Board of Investment (BOI) are also in the process of considering whether it is appropriate to grant investment approvals for the project which is a key step in the development of the Crown Sri Lanka integrated resort. In addition, the project is subject to final agreement between the potential joint venture parties and receipt of a number of other approvals. It is anticipated that, should it proceed, the total project cost to the joint venture would be approximately US$400 million.

Mr Packer, on the potential employment impact of the project, said;

"It is expected that the proposed resort would employ around 2,500 Sri Lankans and Crown's record on training and education is first-class. We have committed ourselves to providing careers and employment pathways for Sri Lanka's youth from around the country should this project proceed."

Australian Cricket Captain, Michael Clarke has agreed to work closely with Crown on the education and training aspects of the proposed project. He will support Crown's employment programs as a mentor and role model and make visits to the country in his role as Crown Sri Lanka Education Ambassador to support job seekers and Crown trainees.

In addition to employment, it is expected that the proposed Crown Sri Lanka Resort will provide a substantial boost to the Sri Lankan economy, through the investment in the facility, the expenditure incurred in operating the facility and through stimulating tourism. The proposed resort is also expected to generate significant tax revenue for Sri Lanka.

James Packer noted that cricket legend and Sri Lankan tourist Ambassador Tony Greig, had encouraged and helped pave the way for Crown to come to Sri Lanka, and that Tony's wife Vivian was also highly supportive of the project. Mr Packer said;

"Tony had a great love for the people of Sri Lanka and was always a wonderful advocate for their interests. He certainly believed in Sri Lanka's great tourism potential and urged Australian companies like Crown to invest. I am happy to say that Tony's commitment and legacy to Sri Lanka is being carried on by his wife Vivian who is publicly, highly supportive of the proposed Crown Sri Lanka project and deeply committed to the wellbeing of the Sri Lankan people."

Crown yesterday launched its new website www.crownsrilanka.com and will provide further details regarding this proposed joint venture project if a final agreement is reached and the necessary approvals are obtained.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=90542

http://sharemarket-srilanka.blogspot.co.uk/

2Packer Releases First Details Of Sri Lanka Integrated Resort Proposal Empty Crown’s jewel! Mon Oct 21, 2013 12:35 am

sriranga

sriranga
Co-Admin
* Gaming mogul James Packer unveils first details of Sri Lanka  integrated resort

* Australian Cricket Captain Michael Clarke appointed as Crown Sri Lanka Education Ambassador who has agreed to work closely with Crown on the education and training aspects of the proposed project

Packer Releases First Details Of Sri Lanka Integrated Resort Proposal Crown-10
Crown Ltd. yesterday released draft images, project details and a website for its proposed 5-star luxury integrated resort in Colombo, Sri Lanka.

It is intended that the integrated resort, to be branded ‘Crown Sri Lanka,’ will be a ‘must-see’ landmark tourist resort located on the Beira Lake in the heart of the Colombo resort district. Crown Sri Lanka is intended to be contemporary and iconic in design and will provide a luxury resort experience for which the Crown brand is renowned throughout Asia.
Packer Releases First Details Of Sri Lanka Integrated Resort Proposal Untitl10
The proposed Crown Sri Lanka Resort will be a 5-star facility with approximately 450 rooms and suites, signature dining experiences and entertainment offerings, conferencing and event spaces, gaming areas, retail outlets and a specially designed water feature attraction on the Beira Lake.

On the immense international tourism opportunity provided by the project, James Packer, Chairman of Crown Resorts, said: “The proposed Crown resort will help redefine luxury tourism in Sri Lanka and play a significant role in helping to drive increased international inbound tourism, especially from the emerging middle classes in India and China.”

Packer recognised the growth of tourism in Sri Lanka and his personal fondness for the country, stating: “Sri Lanka is a beautiful and unique country, it has overcome a great deal of adversity and is growing strongly, I am confident it has a very bright future. I am extremely excited about working together with the Sri Lankan people, because the country has huge tourism appeal and the potential to develop a mass traveller market.

I truly believe as a destination that it is Sri Lanka’s time to shine in Asia.”

An integrated resort on the waterfront in Colombo can also assist Sri Lanka to compete with other global cities for major international conferences and events. Integrated resorts are now regarded by governments and tourism authorities as critical pieces of tourism infrastructure. The proposed Crown Sri Lanka Resort could serve as a key feature of future Sri Lankan bids for world class sporting, business and cultural events, according to Packer.

Crown noted that it remains in detailed discussions with the Sri Lankan Government and potential joint venture partners on the proposed project.

Both the Sri Lankan Parliament and the Sri Lankan Board of Investment (BOI) are also in the process of considering whether it is appropriate to grant investment approvals for the project which is a key step in the development of the Crown Sri Lanka integrated resort.

In addition, the project is subject to final agreement between the potential joint venture parties and receipt of a number of other approvals. It is anticipated that, should it proceed, the total project cost to the joint venture would be approximately US$ 400 million.

Packer, on the potential employment impact of the project, said: “It is expected that the proposed resort would employ around 2,500 Sri Lankans and Crown’s record on training and education is first-class. We have committed ourselves to providing careers and employment pathways for Sri Lanka’s youth from around the country should this project proceed.”

Australian Cricket Captain Michael Clarke has agreed to work closely with Crown on the education and training aspects of the proposed project. He will support Crown’s employment programs as a mentor and role model and make visits to the country in his role as Crown Sri Lanka Education Ambassador to support job seekers and Crown trainees.

In addition to employment, it is expected that the proposed Crown Sri Lanka Resort will provide a substantial boost to the Sri Lankan economy, through the investment in the facility, the expenditure incurred in operating the facility and through stimulating tourism. The proposed resort is also expected to generate significant tax revenue for Sri Lanka.

James Packer noted that cricket legend and Sri Lankan tourist Ambassador Tony Greig had encouraged and helped pave the way for Crown to come to Sri Lanka, and that Tony’s wife Vivian was also highly supportive of the project.

Packer said: “Tony had a great love for the people of Sri Lanka and was always a wonderful advocate for their interests. He certainly believed in Sri Lanka’s great tourism potential and urged Australian companies like Crown to invest. I am happy to say that Tony’s commitment and legacy to Sri Lanka is being carried on by his wife Vivian who is publicly, highly supportive of the proposed Crown Sri Lanka project and deeply committed to the wellbeing of the Sri Lankan people.”

Crown also said it has launched its new website www.crownsrilanka.com and will provide further details regarding this proposed joint venture project if a final agreement is reached and the necessary approvals are obtained.
http://www.ft.lk/2013/10/21/crowns-jewel/

http://sharemarket-srilanka.blogspot.co.uk/

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
The foundation stone for the Australian Casino businessman James Packer's 5 star Casino hotel complex will be laid by the Australian Prime Minister who is visiting Sri Lanka to participate in the Commonwealth Heads of Government meeting (CHOGM), reports say.

Mr. James Packer has confirmed that he is going to invest USD 400 Million for this Casino hotel complex.
He has expressed hope that this Casino hotel which is built in Colombo by the Crown Group would attract much Indian and Chinese tourists.

Meanwhile John Keels group is also planning to construct a similar Casino hotel complex at Glennie Street Colombo.

However, Investment promotions minister Lakshman Yapa Abeywardena said that the bills which are presented to the parliament next week regarding the tax reliefs given to the investors, would only include these two Casino hotel projects.
http://srilankamirror.lk/news/11267-foundation-stone-of-packer-s-casino-to-be-laid-by-australian-pm

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Better remember to keep the religious crackpots under control, Crowns local partner will need to capitalize a few benzes and some buffet lunches and provide them to the nutjobs.

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Jiggysaurus wrote:Better remember to keep the religious crackpots under control, Crowns local partner will need to capitalize a few benzes and some buffet lunches and provide them to the nutjobs.
Yes. A must. In addition, some leisure trips to red mallis.

Those all sort of b...s don't bother about Assa Gudung huts every town, daily sucking poor mans money  .
Crying about Kotipathis going to casino ?

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Looks like the crackpots have won the first battle by delaying the gazette and pushing through amendments.
Banning locals is fine (after all sporting times/star also needs some business) but trying to charge USD 500 as entrance is plain stupidity.

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