Business
September 16, 2021
Crown Resorts’ Former Boss Looking to Sell Luxury Superyacht
James Packer, once the king behind Crown Resorts in Australia, has fallen down a few notches over the years. Apart from having to step away from the casino operator for health issues, he has had to watch as the company is continually raked over the coals for what could only be described as sub-par compliance […]
Business
April 19, 2021
Competition for Control of Crown Resorts Heats up after Oaktree Steps In
Crown Resorts’ Board of Directors is going to have to make some tough decisions soon, but one of them is relatively easy. The ouster of founder and former CEO James Packer is a given and will happen at some point in the near future. It almost seemed inevitable that could be part of a deal […]
Casino
April 8, 2021
Sale of Crown Resorts Appears Ready to Advance, But Maybe Not to Blackstone
Once a reining giant in Australia’s casino market, Crown Resorts has found itself spiraling downward the past couple of years. The casino operator has acknowledged it made a series of missteps, including not preventing money laundering at its properties, and is facing scrutiny across the country. As the saga continues to unfold, Crown’s board has […]
Casino
January 3, 2021
Packer Allegedly Meets with Adelson, Fuels Crown Sale Rumor
An encounter in the French Caribbean further fueled speculation Crown Resorts’ major shareholder James Packer is looking for the way out of the company, seeking to cash in on his 36% stake in the casino and hospitality operator. Multi-Million Yachts Docked Beside Each Other James Packer celebrated New Year’s Eve on board of his $200 […]
Casino
October 21, 2020
Crown Resorts Terminates Agreements with CPH and James Packer
James Packer’s Consolidated Press Holdings (CPH) had two agreements with Crown Resorts terminated ahead of the annual general meeting (AGM) of Crown’s shareholders. No More Privileged Shareholder Information Crown Resorts announced Wednesday, October 21, it had terminated the Controlling Shareholder Protocol, an agreement dated back to October 31, 2018, under the terms of which confidential […]
Legal
October 9, 2020
NSW: Packer Admits to Being Aware of Junkets Links with Crime
During his third and final day of answering questions related to the New South Wales (NSW) Independent Liquor and Gaming Authority (ILGA) inquiry into Crown’s suitability for a casino license, James Packer admitted he knew about the links between junkets at Crown Resorts and organized crime. James Packer told the inquiry that he has long […]
Legal
October 6, 2020
NSW: James Packer Told the Inquiry He Has Impaired Memory
James Packer, the businessman behind Crown Resorts, told commissioners from the independent inquiry his bipolar disorder badly affected a lot of his past actions. The casino mogul appeared for the first time in front of the inquiry members Tuesday afternoon. The Independent Liquor and Gaming Authority (ILGA) in New South Wales (NSW) continues with hearings […]
Business
January 6, 2020
Gaming Magnate James Packer Donates $4 Million to Bushfire Relief
James Packer of Crown Resorts donated $4 million to various charities in to support those who have been affected by the bushfires in Australia. James Packer Donates Millions to Bushfire Relief Charities The bushfires in Australia have been wreaking havoc on the country since June 2019, having burned through 6.3 million square kilometres. 25 people […]