After dominating Sydney’s skyline for the past two years with the most phallic building we’ve ever seen, Packer’s Barangaroo property will finally be able to open its gaming floors.

The agreement will net James Packer a $3.26 billion payday and end his rule over the Australian casino industry.

Renowned hotelier Simon McGrath is settling the room service bill and checking out of Accor.

The Star faces some competition, however, from a private equity firm that wants to take over Crown (which, FYI, has also just hired a new CEO).