Friday, September 18, 2020

Tag: James Packer

Alon project to go ahead despite Packer share sale

Casino Review Alon Site Las Vegas
The head of the Alon Las Vegas resort has denied reports that the multi billion-dollar project is on hold.   Following news that James Packer’s privately held investment vehicle, Consolidated Press Holdings, would sell 35 million shares of Crown Resorts – about 4.8 per cent of the company – the head of the Alon resort has denied reports that the project...

Packer cedes control of Crown with A$448m share sale

Casino Review James Packer crown
Commentators have suggested that sale of the majority sake could be to pay down debt following the settlement of the Packer family empire with sister Gretel.   James Packer has sold A$448m ($337m) worth of shares in Crown Resorts, relinquishing his majority stake in the casino operator. In a statement to the ASX, Consolidated Press Holdings (CPH), the Australian billionaire’s private company,...

De Niro and Packer partner for new Barbuda resort but will it include a casino?

De Niro, Casino Review, James Packer, K Club Resorts, Barbuda, Casino
One of the Caribbean’s most anticipated hotel projects is taking shape as the Paradise Found project by Hollywood actor Robert De Niro and Australian billionaire and former co-chairman of Crown James Packer looks set to move forward in Barbuda.   Forbes.com has reported that after two years petitioning the local government, Barbuda has finally approved De Niro and Packer’s proposals to...

Crown reduces stake in Melco Crown Entertainment by $800m

Meclo Crown Entertainment, Melco, Crown, James Packer
After over 10 years as an equal partner in Melco Crown Entertainment, Crown Resorts has scaled back its investiture in the Asian operator.   Australia’s Crown Resorts has substantially reduced its stake in Asian casino operator, Melco Crown Entertainment (MCE). Crown Asia Investments - a wholly owned subsidiary of the Australian company - announced last month that it would be reduce its...

Media Watch – Las Vegas light rail plans gather pace

Light rail plans
Hitting the industry headlines this month: talks to bring a light rail system to Las Vegas are gathering pace, Crown Resorts has been tipped to operate a major new casino development on Australia’s Gold Coast and Fremont Street pays tribute to Prince. MEDIA WATCH Plans to bring light rail to Las Vegas are moving forward, according to a report in the...

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