Tag: James Packer

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...

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,...

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...

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...

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...