James Packer

Read the scathing email James Packer sent to Lisa Wilkinson & Karl Stefanovic

James Packer sent a series of scathing emails to senior figures at Channel Nine in June and July, including Lisa Wilkinson and Karl Stefanovic, in regards to the channel’s investigative piece into the Crown casinos, titled Crown Unmasked. Crown Unmasked was originally released in 2019 and is a joint...
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Billionaire James Packer’s Crown Resorts Accepts Blackstone’s $6.3 Billion Takeover Offer

Crown Resorts—controlled by Australian billionaire James Packer—said Monday it had accepted Blackstone Group’s A$8.9 billion ($6.3 billion) takeover offer for the Melbourne-based casino operator. “The board has fully considered the Blackstone transaction and unanimously recommends the proposal, subject to customary conditions such as an independent expert concluding...

Blackstone Raises Bid For Australian Billionaire James Packer’s Crown Resorts To $6.5 Billion

Blackstone Group has raised its offer for Crown Resorts, moving it closer to taking over the troubled casino operator controlled by Australian billionaire James Packer. The U.S. private equity giant increased its bid to A$13.10 a share, valuing Crown at A$8.9 billion ($6.5 billion), after the Melbourne-based company said last month that its latest offer wasn’t compelling. That’s 4.8% higher than the A$12.50 a share offer made by Blackstone in late November just weeks after Australian regulators placed Crown under government-supervised reforms aimed at stamping out money laundering at its casinos.

James Packer Testifies Before Royal Commission from Undisclosed Location

In a remote hearing that featured video testimony and spanned the day Friday from about 06:30 until 15:30, Australian billionaire James Packer told commissioners that he did not attend any board meetings of the company that oversaw Crown Perth between 2013 and 2016 – even though he was Chairman of the Board at Burswood Limited during that time.

James Packer admits to ‘many oversights’ at Perth Crown casino during royal commission hearing

James Packer has admitted to multiple failings in his oversight of corporate governance at Crown Resorts’ Perth casino during royal commission hearings on Friday. Giving evidence via video link to a royal commission hearing in Perth on Friday morning, Packer spoke slowly and frequently struggled to recall events while he was chairman of Crown’s West Australian subsidiary, Burswood Limited, which held the license for the Perth casino.