- Reuters•7 days ago
A decade ago, Australian billionaire James Packer had a clear, if unconventional, strategy: to turn his father's established television-to-newspaper conglomerate into a casino empire, tapping Asia's richest gamblers. A series of technology investments by Packer, largely in Israel, have helped muddy the waters - along with a film production company in which one of Packer's partners is Steven Mnuchin, who has been nominated for the position of U.S. Treasury Secretary. The high roller gambling business has struggled since Beijing's graft crackdown began in 2014, battering Macau, which had been a potential transit point for illicit money outflows and corrupt officials fleeing China.
- Financial Times•8 days ago
Billionaire James Packer has returned to the board of Crown Resorts as part of a management shake-up, reflecting the Australian casino operator's retrenchment following the arrest of 18 staff by Chinese ...
- Reuters•9 days ago
Crown Resorts Ltd's biggest shareholder, Australian billionaire James Packer, will return to the board, weeks after the casino group effectively scrapped ambitious global plans and retreated from Las Vegas and Macau. Packer had left the board just over a year ago to focus on the international expansion, and returns as part of a broader executive reshuffle designed in part to ease investor concerns about the direction of the Crown group. Packer is a 48 percent shareholder, having cut his stake from 53 percent in August 2016.
CWLDF: Summary for CROWN RESORTS LIM NPV - Yahoo Finance
CROWN RESORTS LIM NPV (CWLDF)
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