James Packer | World Casino News

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

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...

James Packer bumps ownership in Crown Resorts to 53.1 percent

Lars Jones

November 11, 2015

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

After a peak price of $18 per share in January 2014, James Packer scooped up 18 million shares in his casino resort company yesterday at a bargain price of $12 each, paying a slight premium over Tuesday's close...

Geelong waterfront proposal makes two in Victoria

K Morrison

November 1, 2015

Latest Casino and Gambling News, Casino proposals, Australia, Casino News, World Casino News, Gaming Industry News, Licenses, Oceania Casino News

A $1 billion private bid to build a second casino in Victoria, Australia on Geelong’s waterfront is being considered by the Andrews government. According to The Age, casino developer John Haddad, who has bee...

James Packer’s Crown Resorts puts down $100 million for stake in Nobu

Renee Kingsley

October 30, 2015

Australia, Casino openings, Casino expansion projects, Economy/Finance, Asian Casino News, Macau, Oceania Casino News, Mergers, Acquisitions & Partnerships

Aussie billionaire James Packer and his Crown Resorts have been in the limelight for the last week as the Melco Crown recently opened Studio City, a new casino estimated to be around $3.2 billion in Macau and h...

Spectacular opening yesterday for Studio City

K Morrison

October 28, 2015

Latest Casino and Gambling News, Casino News, World Casino News, Casino openings, New Hotels, Gaming Industry News, Asian Casino News, Macau

The Cotai Strip's Studio City Hollywood-themed leisure resort and casino enjoyed a star-studded grand opening yesterday. Melco Crown Entertainment’s (MCE) $3.2 billion resort will focus on the mass market throu...

Barangaroo Casino plans smaller than expected by Crown Resorts

Marie Kelley

October 22, 2015

Latest Casino and Gambling News, Australia, Casino project updates, Oceania Casino News

After gaining permission to create a casino at Barangaroo in NSW, South Australia, Crown Resorts has now proposed a much smaller casino than expected. As now planned the VIP casino will only offer table games a...

New Alon integrated resort to reinvent Las Vegas experience

D. Graham

August 30, 2015

Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Casino openings, New Hotels, Casino project updates, Nevada

With a planned 2018 debut, the executive team of the Ālon Las Vegas Resort is aiming to reinvent the Las Vegas experience with the help of successful nightclub kingpin Jesse Waits. CEO Andrew Pascal and COO Rob...

Billionaire James Packer’s Crown credit profile under pressure

D. Graham

August 18, 2015

Latest Casino and Gambling News, Australia, Casino News, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Macau, Nevada

Between the recent increase in cost to insure Crown Resort’s notes, rising net debt, widening spread of credit default swaps, significant profit decreases from Macau properties, and plans to spend billions more...