Margaret Court Arena redevelopment

New designs have been released of the Melbourne Park Western Precinct development including the new-look 7,500-seat roofed Margaret Court Arena.

The arena, which opened with Rod Laver Arena in 1988, will become the third enclosed stadium at Melbourne Park and will fill a gap in Melbourne's stadiums, between the 3,500-seat State Netball & Hockey Centre at Parkville and the 10,500-seat Melbourne Arena (formerly Hisense Arena), also at Melbourne Park.

A retractable roof, additional 1,500 seats and new spectator facilities will be added to the existing venue. When complete, Margaret Court Arena will also be able host basketball, netball and concerts, in addition to tennis.

Once complete, Margaret Court Arena will become the number two arena during the Australian Open, with quality night matches scheduled alongside Rod Laver Arena. The Australian Open is the first major sporting event in the world each year, attracting substantial betting interest, and a ladbrokes code can get you involved in the wagering action.

The redevelopment is part of a $363 million project which will also feature eight new indoor courts, 13 outside courts, a plaza and a pedestrian link between AAMI Park, Melbourne Park and the MCG.

Tennis Australia chief Steve Wood said it was a sign of big things to come.

"The redevelopment will ensure the Australian Open has the very best grand slam facilities in the world. We are the only event with two, and soon to be three, retractable roofs, enabling us to continue play in all weather conditions," he said.

"(The development) has cemented the future of the Australian Open in Melbourne until 2036."