James Packer’s proposal for a second Sydney casino has been provided the green light to proceed for the next stage.

NSW Premier Barry O’Farrell says the proposal for Crown could proceed to ‘stage three’ of the assessment proposal but it was not yet a licence to develop.

The parliamentary committee charged with assessing Mr Packer’s proposal, as well as a rival bid by the owners from the Star, discovered Crown’s contribution to gross state solution and tax was 26 per cent and 31 per cent larger than Echo’s respectively.

Mr O’Farrel says there is hasn’t been an agreement for any new VIP facility at the casino.

Cabinet met this morning to think about a report into which on the two competing bids for Sydney’s Barangaroo web page would provide the state the greatest economic benefit.

Echo wanted to build two new hotels subsequent for the Star and connect Pyrmont, Darling Harbour and Barangaroo into a single integrated resort, although Packers’s Crown Group was lobbying to get a second Sydney casino with plans for a new $1.five billion luxury hotel.

NSW Cabinet met on Thursday morning to think about a report by businessman David Murray into which in the two competing bids would provide the state the greatest monetary advantage.

Echo wanted to build two new hotels next to the Star and connect Pyrmont, Darling Harbour and Barangaroo into one integrated resort, even though extending the company’s appropriate to be the state’s sole casino operator to get a further 15 years.

Crown is lobbying to get a second Sydney casino with plans to get a new $1.5 billion luxury hotel and VIP-only facility on Barangaroo. The Sydney Enterprise Chamber stated Sydney was the winner in the government’s choice to offer Crown the go ahead to create its project at Barangaroo.

‘The Crown proposal with its retail and commercial elements and its interaction with the Harbour and surrounding open public domain will imply that Sydneysiders will get the complete value in the complete precinct for generations,’ Executive director Patricia Forsythe mentioned in a statement.

‘The Crown focus on top quality facilities and solutions will ensure that Sydney is able to market itself as a robust tourist location specifically using the expanding Asian marketplace.’