SKYCITY Entertainment Group has signed a construction agreement with Hansen Yuncken for the AU$330 million redevelopment and expansion of Australia’s Adelaide Casino.
The agreement with the leading building contractor covers a 27-month construction period from the date of commencement and includes incentives for the project to be completed on time.
In a filing with the Australian Securities Exchange, SKYCITY said that 90% of construction costs were fixed as part of the contract with the remaining 10% represented by provisional sums, such as fit-out and FF&E, within SKYCITY’s control. Main construction work is set to begin before the end of the year with completion expected in the first half of 2021.
The expanded Adelaide Casino will include a 123 room all-suite boutique hotel, restaurants, bars and cafés, function space for 750 people, a 1,500 space car park and improved back-of-house facilities.
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