Crown Resorts has reached a confidential settlement with the NSW government to end their legal battle over a planned development that would obstruct views of the Sydney Opera House and Harbour Bridge from the gaming firm's new Barangaroo hotel and casino.
The NSW Supreme Court found in December the government's Barangaroo Delivery Authority breached its contract with Crown and infrastructure giant Lendlease by failing to negotiate with them over the retention of sight lines.
The BDA had sought leave to appeal the NSW Supreme Court decision but Infrastructure NSW, which absorbed the BDA on July 1, has now agreed not to proceed.
"The terms of the settlement are confidential," Crown said on Monday in a statement to the ASX.
"Crown is satisfied with the outcome of the settlement and the retention of the sight lines across Central Barangaroo from the Harbour Bridge to the Sydney Opera House."
Crown expects the first guests at the new hotel in early 2021.