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Ellerston fund IPO to raise A$600mil
James Packer, Australia's richest man, unveiled yesterday plans to raise A$600mil, more than previously targeted, in an initial public offering of a new investment fund.
PBL in second US casino deal
James Packer's Publishing Broadcasting Ltd (PBL), Australia's biggest casino owner, has invested in its second Las Vegas development, accelerating its push into North America.
Packer to build largest Aussie hotel
James Packer's Publishing Broadcasting Ltd, Australia's biggest casino owner, plans to build the largest hotel in the country at its Melbourne gaming house, tapping growing demand for gambling and tourism.
Genting takes stake in Echo
MELBOURNE: Singapore gaming operator Genting said it had taken a US$234mil stake in Echo Entertainment, raising the prospect of a battle for control over the Australian casino company with billionaire rival James Packer.
Hard Rock, Genting may eye for control of Crown
SYDNEY: Forced to anchor in licensed clusters in Las Vegas and Macau, the world’s biggest casino operators rarely get a free shot at expansion. That’s why a once-in-a-generation opportunity to buy established resorts in Australia could escalate into a bidding war.
Crown selling entire 10% in rival Echo, partly owned by Genting(Update)
SYDNEY: Australian casino company Crown Ltd sold its 10 percent stake in rival Echo Entertainment Group, signalling billionaire owner James Packer is confident of winning approval for a high-roller casino in Sydney.
Aussie billionaire Packer's Crown wins approval to up stake in Echo, partly owned by Genting
SYDNEY: Crown Ltd, the Australian casino company controlled by billionaire James Packer, has won regulatory approval to increase its 10 percent stake in rival Echo Entertainment Group, the operator of Sydney's sole casino.
PBL to further cut stake
James Packer, Australia's richest man, is in talks to sell a further 25% of his TV and magazines joint venture to private equity group CVC, ending his family's long-running control over key Australian media assets.
Australia's Crown Resorts 'deeply concerned' about employees detained in China
SYDNEY (Reuters) - Billionaire James Packer, the majority owner of Australian Crown Resorts Ltd, said on Tuesday he was very concerned for 18 company employees detained in China for suspected "gambling crimes."