SYDNEY: Australia's Crown Ltd has won initial backing from a state government for a plan to build an A$1 billion ($1.03 billion) casino in Sydney, bringing founder and billionaire James Packer closer to his goal of a global casino empire.
A final approval, which is still some way off, will allow Crown to build a rival to Sydney's only casino, run by Echo Entertainment. Still, any new casino can't be operational before Echo's exclusive license expires in 2019.
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