At the time of the transcription of clause 4.2 of the management agreement, Crown and Melco International both owned 34 percent of a Macau casino, City of Dreams. This is the case of a list of 59 people and companies defined in the agreement as partners of Stanley Ho. Crown Melbourne is one of Australia`s most visited tourist destinations, with its dynamic and varied facilities. Crown Melbourne offers luxury accommodation and award-winning restaurants, opportunities for gaming, conferences, shopping and entertainment. Crown Melbourne operates three hotels with approximately 1600 rooms in the Crown Towers (481 rooms), Crown Metropol (658 rooms) and Crown Promenade (465 rooms). For the third year in a row, the Crown Towers received the prestigious Forbes Travel Guide Global Five Star Award in 2019 and is the only hotel in Melbourne to have achieved this status. Crown Melbourne is also the largest casino in Australia. Crown Melbourne is licensed to operate 2,628 slot machines and 540 table games. The Crown Melbourne Casino license extends until 2050.
Other Crown Melbourne facilities include the Crown Conference Centre (7,350 square metres of conference and meeting rooms on three floors), banquet facilities (including the 1500-seat Palladium Ballroom and the 900-seat Palms Cabaret Hall), a wide selection of restaurants and bars, including many of Melbourne`s best, and a retail district with prestigious designer brands and luxury boutiques. Crown Melbourne attracted over 22 million casino visits in fiscal 2019 and is Victoria`s largest private sector employer with over 12,500 employees across the resort. www.crownmelbourne.com.au Remarkably, Crown says clause 2.4 was written to cover its Macau Casino partnership with Melco, in which Crown and Melco both owned 34 percent. After being out of stock in 2016, Crown claims to have reached an agreement in principle with senior management with NSW Liquor and Gaming Division to remove clause 2.4 from the management agreement. As part of a 20-year tax deal, Star`s table games will be set from 2022 at a fixed rate of 29 percent – just like Crown`s – while slots start with a fixed rate of 32 percent and increase to 34 percent after six years. . . .