Billionaire Packer quits Crown due to mental illness


Turbulent life: A file picture showing Carey and Packer on the red carpet ahead of the opening ceremony of the Studio City casino resort in Macau. Packer has endured a tumultuous few years, from the public breakup of his engagement with Carey, to the conviction of Crown employees in China in 2017 for illegally promoting gambling. — AFP

SYDNEY: Billionaire James Packer quit the board of his casino operator Crown Resorts Ltd due to mental health issues, the latest turn in a turbulent private and business life that’s seen his overseas gaming empire unravel.

The 50-year-old Australian plans to step back from all commitments, said a spokesman, who didn’t elaborate on Packer’s illness. Crown stock fell 1.7% in Sydney trading.

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