FILE PHOTO: Australian Businessman and founder of Australia's Crown Ltd James Packer gestures while answering questions at an evening business event in Sydney October 25, 2012. REUTERS
SYDNEY: Billionaire James Packer has resigned 22 Australian company directorships in the last few weeks and no longer holds any board seat in his home country, corporate records show, signalling his almost full retreat from public business life.
The major shareholder of casino operator Crown Resorts Ltd cited mental illness as the reason for his quitting that firm’s board in March, following a tumultuous period in his life, which included a break-up with singer Mariah Carey and the failure of Crown’s expansion strategy.
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