James Packer | World Casino News

Arrests of Crown employees in China set Macau and other gaming stocks adrift

October 18, 2016

Latest Casino and Gambling News, China, Gaming Industry News, Crime

Over the weekend, it was made known that 18 employees of Crown Resorts Ltd were detained by the authorities of China. Included in the detentions were three Australians accused of trying and lure gamblers in Ch...

Australian casino and slot giants facing lawsuit alleging deception

Adam Morgan

September 5, 2016

Latest Casino and Gambling News, Australia, Fines, Lawsuits & Litigation

In Australia, casino operator Crown Resorts Limited and gaming machine manufacturer Aristocrat Leisure Limited could be about to face a lawsuit alleging that the Dolphin Treasure slot is deceptive because it re...

ASF Queen’s Wharf casino focus of $3 billion development

K Morrison

September 4, 2016

Latest Casino and Gambling News, Australia, Casino project updates

Work on a $3 billion casino and residential project that will be situated on the Gold Coast Broadwater next to luxury hotel Palazzo Versace and Sea World, will begin as early as March 2017, according to The Cou...

Alon Las Vegas CEO says project has slowed down but has not been put on hold

Renee Kingsley

September 1, 2016

Latest Casino and Gambling News, Las Vegas, Casino project updates, Nevada

Australian casino tycoon and billionaire James Packer's Crown Resorts Ltd decided in 2014 to partner with Andrew Pascal, the ex-president of Wynn Las Vegas and purchase 34.6 acres in Las Vegas, with plans to op...

James Packer gives up Crown Resorts shares to settle sibling debt

Marie Kelley

August 29, 2016

Latest Casino and Gambling News, Australia, Economy/Finance

After reaching a settlement with his sister Gretel, James Packer has decided to pay the debt owned via the agreement by giving up the majority of control within Crown Resorts. Consolidated Press Holdings Ltd. i...

PAC approves $2b casino at Barangaroo; Crown Casino, Sydney set for final approval

K Morrison

June 28, 2016

Latest Casino and Gambling News, Australia, Casino project updates

After 18 months’ worth of delays due to a number of setbacks, James Packer’s $2 billion Crown Barangaroo is on the way to being Sydney, Australia's second casino as it received final approval from the NSW Plann...

Packer unveils plan to super-size Queensbridge Hotel Tower

Adam Morgan

May 13, 2016

Latest Casino and Gambling News, Australia, Casino expansion projects

Australian billionaire James Packer has suggested turning the proposed Queensbridge Hotel Tower in Melbourne into the country’s tallest building and connect it to the nearby Crown Casino And Entertainment Compl...

Melco Crown buys back stock from Crown Asia; Packer reduces stake by $800m

MacauCasinos.com

May 9, 2016

Latest Casino and Gambling News, Australia, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

Melco Crown Entertainment has recently announced that it is buying back $800.83 million in company shares from Crown Asia Investments it’s joint venture partner. The two Casino giants have jointly invested and ...

New South Wales architects ask Planning Assessment Commission to reject Crown’s Barangaroo Casino tower

Renee Kingsley

April 29, 2016

Australia, Casino News, Casino project updates, Licenses

James Packer’s Crown Resorts has pushed hard to speed up its Barangaroo casino project in Sydney as the Australian billionaire has made it clear that this project holds a special place in his heart. James Packe...

Crown Barangaroo waits for final approval after following state department’s recommendations

Renee Kingsley

March 30, 2016

Latest Casino and Gambling News, Casino proposals, Australia, Casino openings, Casino project updates, Licenses

James Packer’s Crown Barangaroo has faced a number of setbacks that has resulted in an 18 month delay. While Crown Resorts has worked with the New South Wales (NSW) government to sort out most of the important ...

Alon Las Vegas may be delayed beyond 2018: Updated

Lars Jones

March 2, 2016

Latest Casino and Gambling News, Las Vegas, Casino project updates, Economy/Finance, Nevada

The story today seems to be much as it was in December when Larry Gandler, a gaming analyst for Credit Suisse noted in a research report that Crown Resorts was trying to fund their Las Vegas Strip Alon Resort d...

Crown Resorts will go to court to fight new $362 million tax bill from Australian Tax Office

Renee Kingsley

February 18, 2016

Australia, Taxation, Nevada

The Australian Tax Office (ATO) caught billionaire James Packer’s Crown Resorts completely by surprise when it sent across an amended tax bill that hit them with $250 million in back taxes for the period betwee...

Australian billionaire James Packer steps down from Crown Resorts board of directors

Renee Kingsley

December 21, 2015

Las Vegas, Australia, Casino openings, Macau, Oceania Casino News, Mergers, Acquisitions & Partnerships

Billionaire James Packer, the son of the late Kerry Packer played a key role in transitioning the family business from one that focused on broadcasting and publishing to Crown Resorts, a multi-billion dollar ca...

Billionaire James Packer wants to privatise Crown Resorts: Updated

Alex Lanter

December 17, 2015

Latest Casino and Gambling News, Australia, World Casino News, Oceania Casino News, Mergers, Acquisitions & Partnerships

Update: Consolidated Press Holdings (CPH) has issued a statement (see below) denying any plans to privatize. Australia’s third richest man, billionaire James Packer, wants to privatise casino operator Crown ...

James Packer’s Crown Resorts working to raise capital for Alon Las Vegas

Renee Kingsley

December 11, 2015

Las Vegas, Australia, New Hotels, Casino project updates, Economy/Finance, Nevada

Australian billionaire James Packer and his Crown Resorts have a strong reputation in Australia and Macau and are now looking to build their first casino in Las Vegas. This new casino is called Alon Las Vegas a...