Friday, May 31, 2019

James Packer surrenders control of Crown for $1.76 billion

After weeks of negotiations, the billionaire James Packer has sold almost half his stake in the Crown gaming empire for $1.8 billion. 

The sale to Hong Kong casino mogul Lawrence Ho means Mr Packer will lose his control of Crown for the first time. 

ABC's Peter Ryan says the deal comes as James Packer steps back from the corporate world citing mental health issues.

No comments:

Post a Comment

What's your view on this?