The company that runs Sydney's Star Casino has offered to pay the New South Wales Government $A250 million if it is given an exclusive casino license until 2034.
Echo Entertainment had unveiled its plans for a $A1 billion redevelopment in competition to James Packer's Crown Casino proposal for a $A1.9 billion resort at Barangaroo, the ABC reports.
However it has put forward another surprise option that allows Mr Packer to run a VIP-only gaming venue and includes a Star Casino redevelopment - but drops a $A250 million exclusivity payment.
Echo chairman John O'Neill says it not the company's preferred option but it could live with it.
Crown has lodged a proposal to develop the Crown Sydney Hotel Resort at Barangaroo under the State Government's unsolicited proposal process.
Echo's existing agreement limits the state to one casino license until 2019.
The New South Wales Government is assessing both plans.