NSW has strengthened its position as Australia’s number one destination for sports and live entertainment as Venues NSW supercharges the state’s major sports and entertainment venues.
NSW Parliament has passed legislation to enable Venues NSW to be the single entity managing sport and entertainment venues in order to attract blockbuster events and drive economic activity across the State.
Acting Minister for Sport Geoff Lee said the merging of the Sydney Cricket & Sports Ground Trust (SCGT) and Venues NSW will ensure taxpayers receive maximum bang for their buck.
“The NSW Government has delivered a reform that will deliver enormous benefits for the state,” Mr Lee said.
“Now we have one organisation which can take control of hosting the most exciting and in-demand events which will bring major economic windfalls for NSW.
“We have invested in world-class venues and facilities which are the envy of the world and Venues NSW will ensure we get maximum returns.”
Incoming Venues NSW Chairman Tony Shepherd AO said the stage is set to make NSW unbeatable in attracting major events.
“Venues NSW now has an asset base which is the envy of other states around the country, giving NSW tremendous firepower to attract the biggest and the best sporting and entertainment events,” Mr Shepherd said.
“We can also capitalise on the experience and history of the SCG Trust which forms an intricate part of this clever and dynamic merger.”
The new entity will also focus on affordability and access to sports venues in NSW, to ensure NSW communities make the most of their government’s substantial investment.
All Venues NSW and SCGT contracts, agreements and membership entitlements with sporting codes, clubs, partners and members will continue to be honoured and preserved by the merged entity.