James Packer's relationship with Macau casino magnate Lawrence Ho will be in the spotlight when a high stakes inquiry gets underway in Sydney later this morning.
New South Wales gaming regulators will probe Lawrence Ho's links to his 98-year-old father Stanley Ho who in the past has been linked to organised crime in Hong Kong and outlawed from having any association with Crown's operation of the Barangaroo casino in Sydney.
ABC's Peter Ryan says the inquiry was sparked after Mr Packer surprised investors when he proposed a controversial $1.7 billion dollar share sale to Lawrence Ho's Melco group last year.
No comments:
Post a Comment
What's your view on this?