Casino and entertainment company SkyCity has announced the completion of arrangements with Australia’s Northern Territory government to acquire a 5,400-square-meter property known as the “Little Mindil.” The undeveloped parcel, which is next to the existing SkyCity Darwin Casino, will be the site of a world-class beachfront resort.
The acquisition and development of the Little Mindil site and the Gala Lawn area will cost over A$50 million, about US$47.3 million. The project is expected to take about three years to complete.
The Darwin casino will complete its own A$30 million renovation later this year. The renovation was begun after SkyCity received an extension of its exclusive Darwin operating license to 2026.
SkyCity CEO Nigel Morrison said, “The Northern Territory has a growing national and international reputation as an outstanding tourist destination, and is one of the fastest-growing economies in the Australasian region. SkyCity is committed to playing an integral role in the territory’s future success through the continued development of our casino, resort and entertainment facilities in Darwin.”