Tag Archives: James Packer
- Crown Resorts gets new chair, sings welcome back Packer
Australian casino operator Crown Resorts has bid goodbye to its chairman while welcoming James Packer back to its board of directors. On Tuesday, Crown announced that Robert Rankin was stepping down from his position as chairman of Crown’s board effective February 1. Rankin will remain a director of Crown and...
- Israel probes James Packer over lavish gifts
Australian casino mogul James Packer is once again back in the headlines several weeks after the indictment of his Crown marketing staff in China and his failed relationship with international singer Mariah Carey. This time, Packer finds himself in hot water for allegedly showering the family of Israel Prime Minister...
- Crown board flunks quality test: report
A research company set up by the Federal government-owned Australian Superannuation Corporation has given Australian casino mogul James Packer and the 11-member of Crown Resorts board failing marks in terms of corporate governance and risk management capabilities. The Regnan report was published just weeks after Chinese authorities rounded up and...
- City of Dreams sends Belle Corp’s earnings soaring by 64%
Leisure estate and gaming company Belle Corporation saw its earnings jump 64 percent in the first nine months of 2016 as the group unlocked higher earnings from City of Dreams Manila. The Philippine Stock Exchange-listed company posted its results this week, which include a consolidated net income of PHP1.9 billion...
- China nabs 10 junket agents in Crown Resorts probe: report
More people are being asked to “take tea” with Chinese authorities as Beijing widens its crackdown on James Packers’ Crown Resorts. This time, 10 Chinese “organizers of junkets licensed by the casino operator to bring high rollers to its Australian properties” are reportedly taken into Chinese authorities’ custody, according to...
- James Packer cashes over $300M in Crown Resorts shares to settle debt
James Packer has given up the majority control over Crown Resorts to pay for the debt the casino mogul incurred after settling with his sister. Packer’s privately held investment arm, Consolidated Press Holdings Ltd. (CPH), announced over the weekend that the billionaire has agreed to sell 35 million shares—representing about...
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