Venues NSW is to become the single entity in charge of managing sport and entertainment venues across the State.
Acting Minister for Sport, Geoff Lee said new laws passed by Parliament would see the Sydney Cricket & Sports Ground Trust (SCGT) merged with Venues NSW, ensuring taxpayers received maximum bang for their buck.
“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,” Mr Lee said.
“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,” he said.
Incoming Chairman of Venues NSW, Tony Shepherd said the stage was 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,” he said.
Mr Shepherd said all Venues NSW and SCGT contracts, agreements and membership entitlements would continue to be honoured and preserved by the merged entity.
