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Tag Archives: James Packer

Australia – James Packer leaves Crown’s board due to mental health

Australian billionaire James Packer has left his position on the board of casino operator Crown Resorts with the company citing mental health issues. Crown said its biggest shareholder was leaving the board for ‘personal reasons’ just eight months after rejoining it following a two-year absence to pursue overseas interests in 2015. Crown Resorts Executive Chairman…

Antigua – Packer and De Niro project given 25 year tax holiday in Antigua

The proposed $250m casino earmarked for Antigua and Barbuda and spearheaded by James Packer and Robert De Niro moved a step closer with the government approving the Paradise Found bill, that could pave its way. The bill provides incentives to build the casino-resort, including most notably a 25-year tax holiday, which will be located at…

Australia – Packer steps down as Crown’s Chairman

Australian billionaire James Packer has stepped down as Chairman of Crown Resorts with the Board appointing Robert Rankin as his replacement as Chairman. Mr Packer remains a Director and it is intended that he will be appointed as a senior Executive Director on terms which are currently being discussed with the Board. Mr Packer will…

Sri Lanka – Packer told he’s not welcome in Sri Lanka

Australian casino owner James Packer has been told he is unwelcome ‘in this lifetime’ in Sri Lanka by the country’s new Prime Minister. Having withdrawn from plans to build a $350m luxury resort in Colombo, Mr. Packer’s Crown Resorts has been told by Prime Minister Ranil Wickremesinghe to stay away. He said: “Packer says he…

Antigua – Antigua signs deal with Packer and De Niro

The Antiguan Government has signed a deal with Australian casino developer James Packer and Hollywood actor Robert De Niro for a major project at the former K Club resort on Barbuda. It is not known at this stage whether K Club’s owner, Italian designer Mariuccia Mandelli has decided to sell the property, which has been…

Sri Lanka – Crown gets go-ahead in Colombo

Despite splashing his name across all the tabloids thanks to a punch-up with best mate, David Gyngell, James Packer received some positive news last week with the Sri Lankan government saying it will allow his planned US$400m mixed-use resort development in Colombo to operate as a casino. Government spokesman Keheliya Rambukwella said that casinos will…

Sri-Lanka – Packer gets the green light

The government of Sri Lanka has approved a hotel and leisure resort deal with Australian gambling tycoon James Packer’s Crown Ltd, but the investment is likely to increase from the original $350m. The finalisation of the deal was delayed because the Sri Lankan government was asking Lake Leisure Holdings, the joint venture between Crown and…

Sri Lanka – Packer’s plans for Colombo in doubt

James Packer’s Crown Resorts’ plans to develop an integrated resort in Sri Lanka are believed to be in jeopardy following the operator’s rejection of a government decision to change the building plan of its mixed development at D.R. Wijewardane Mawatha in Colombo, Sri Lanka. The Australian operator has subsequently been told that the development must…

Sri Lanka – Crown linked with Sri Lanka land grab

Media sources in Sri Lanka believe that Crown Gaming’s James Packer has now bought land next to the Government-owned Lake House newspaper publishing house alongside the Beira Lake where the Australian casino developer is planning to invest US$350m to develop Crown Colombo. The 36-story skyscraper should be completed and opened by 2016 and will, it…