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Business 30 May 2019 | 1:26 PM

Billionaire James Packer to sell 20% stake in Crown Resorts to Melco

HONG KONG/BENGALURU: Melco Resorts & Entertainment Ltd said on Thursday it would buy a 20% stake in Australia's Crown Resorts Ltd from casino mogul James Packer for A$1.76 billion ($1.22 billion), just months after Wynn Resorts withdrew its offer to buy Crown.

Corporate News 20 Jul 2018 | 12:00 AM

Billionaire James Packer quits 22 boards, deepens corporate withdrawal

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.

Business 29 Dec 2005 | 12:00 AM

James Packer takes over from Kerry

James Packer grew up the son of Australia's richest man, who built a media and casino empire valued at US$8.2bil (RM31.1bil).

Business 22 Mar 2018 | 12:00 AM

Billionaire Packer quits Crown due to mental illness

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.

Business 16 Dec 2016 | 12:00 AM

Packer reins in casino empire plans after China crackdown

SYDNEY: Casino billionaire James Packer scrapped plans for a gambling empire spanning the world’s largest gaming markets after a clampdown by authorities in China and unpredictable returns in Macau.

Business 10 May 2017 | 12:00 AM

Crown exits decade-long Macau venture

HONG KONG: Casino billionaires Lawrence Ho and James Packer have said their last adieu to a decade-long gaming partnership in Macau, with each going in opposite directions.

Business 17 Jun 2016 | 12:00 AM

Australia’s Crown Resorts shares jump on break-up plan

SYDNEY: Australia’s No. 1 casino firm Crown Resorts Ltd won support from investors and analysts for a plan to split the business, reigniting speculation billionaire owner James Packer may take part of the company private.

Business 13 Jun 2012 | 12:00 AM

Packer said to be planning talks with Genting

MELBOURNE: Billionaire James Packer would be open to an alliance with Singapore casino operator Genting to further his ambitions in Australia, where he is trying to wrest control of rival Echo Entertainment, a source said.

Business 26 Oct 2012 | 12:00 AM

Billionaire Packer's Sydney casino plan gets initial Govt nod

SYDNEY: Australia's Crown Ltd has won initial backing from a state government for a plan to build an A$1 billion ($1.03 billion) casino in Sydney, bringing founder and billionaire James Packer closer to his goal of a global casino empire.

Corporate News 21 Mar 2018 | 3:33 AM

Australian casino boss Packer resigns due to mental illness

SYDNEY: Australian billionaire James Packer has quit the board of casino operator Crown Resorts Ltd due to mental illness, following a tumultuous period including a break-up with singer Mariah Carey and the failure of Crown's expansion strategy.