NSW advances Crown's Sydney casino bid

O'Farrell moves Crown's Barangaroo proposal to third round of consideration; Echo, Crown shares halted ahead of decision.

New South Wales premier Barry O'Farrell has advanced Crown Ltd's proposal for a second Sydney casino at Barangaroo to the third stage of the state government's unsolicited proposal process for major projects, effectively killing a rival bid from Echo Entertainment Group Ltd.

Mr O'Farrell was clear the approval for Crown's bid was "not a licence to build" but a licence to move to the next stage.

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