mellowyellow
Well-known Member
Besieged by personal, relationship and mental health issues, he's been trying to engineer an exit from his casino group Crown Resorts for years, desperately craving anonymity and a retreat from not just the corporate world, but the world at large.
With Crown's Sydney operation Barangaroo close to completion, NSW gaming authorities viewed the Ho connection with alarm and ordered an investigation following allegations that were aired by the Nine Network's 60 Minutes.
Mr Packer may now be forced to sell his 37 per cent stake in Crown down to below 10 per cent at whatever price he can get. His only other option is for a complete and hurried makeover of his corporate entity to satisfy the state government and casino regulators…..
https://www.abc.net.au/news/2021-02-09/james-packer-crown-casino-barangaroo-analysis/13136202
James Packer's long-term association with the Ho family was a key aspect of the inquiry.(AAP: Vincent Yu)