Since we’re about to dig into the Melco transaction and how it possibly breached Crown’s Sydney casino licence, it’s worth taking a look at exactly who Stanley Ho was and why it is such a big deal that he received an interest in Crown.
In 2009 the New Jersey Casino Control Commission published a report into Stanley’s daughter Pansy Ho, who was trying to set up a joint venture with MGM in Macau. The report found that Stanley Ho’s casinos "facilitated the involvement of organised crime", by relinquishing control of VIP rooms to triad-linked third parties.
The book doesn’t delve into Packer’s relationship with Stanley Ho much, but there’s a lot about Ho’s son Lawrence Ho, including that the pair still call each other "brother"."Lawrence never broke his word, he never did anything to harm me, and was a twenty out of ten partner.
Packer, who was Crown’s chairman up to August 2015, blamed this on former chief executive Rowen Craigie and chairman Robert Rankin who "let the side down".
Source: Gaming Daily Report (gamingdailyreport.net)
Testimony? You mean..... lies.
good lord that bonce is enormous
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Crown Inquiry LIVE updates: James Packer faces second day of questioning over casino scandalsJames Packer is set to give a second day of evidence at the Independent Liquor and Gaming Authority’s public inquiry into Crown Resorts.
Source: smh - 🏆 6. / 80 Read more »
James Packer reveals his bipolar disorder to Crown casino inquiry | Sky News AustraliaJames Packer has admitted he engaged in 'shameful' and 'disgraceful' conduct over a series of threatening emails he sent to a high-profile businessman in 2015, but blamed his bipolar disorder for his behaviour in the past.\n\nThe billionaire faced an inquiry into Crown Casino today reportedly appearing via video link from his yacht. \n\nThe identity of the businessman who was threatened by Mr Packer was not revealed but referred to only as 'Mr X'.\n \nThe inquiry is also investigating allegations of money laundering and links to organised crime. \n \n'How can the NSW regulator have any confidence in your character or integrity in light of your conduct in these emails?' Counsel assisting Adam Bell asked.\n\n'Because I'm being treated now for my bipolar,' replied Mr Packer.\n\nThe billionaire businessman also revealed that he's unwell and that strong medication is affecting his memory.\n Nonsense, this is what happens when you are born into vast wealth, you think the rules don't apply to you. Yeah right! If his father could see him now... James looks unwell.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
James Packer tells Crown inquiry his medication leaves him with inability to recall informationThe inquiry by the Independent Liquor and Gaming Authority is examining whether Crown is fit to hold a NSW licence for its soon-to-be-opened Sydney venue. Of course .... how convenient.... Alan Bond has memory problems too .... until he was released.....
Source: abcnews - 🏆 5. / 83 Read more »
Crown inquiry LIVE updates: James Packer pressed on Chinese high rollersThe casino mogul's testimony will be key in the inquiry determining whether Crown Resorts gets to keep its NSW gaming licence. Messy
Source: theage - 🏆 8. / 77 Read more »
Crown inquiry LIVE updates: James Packer pressed on Chinese high rollersThe casino mogul's testimony will be key in the inquiry determining whether Crown Resorts gets to keep its NSW gaming licence. Legend, watch him crush them. Was the relationship consummated? Bare faced corruption
Source: smh - 🏆 6. / 80 Read more »
Why is James Packer fronting an inquiry over Crown's behaviour?A year ago Crown insisted it was sinless over money laundering, association with criminals and arrests in China. So why is the scion of one of Australia’s richest families facing a grilling in an inquiry? And what is at stake for Crown's casinos? pwhatch bitcoin fixes this pwhatch Packer is mixed up with some very dangerous people in the USA. He went into business with organised crime figures there. He also dealt with the Triads in his Chinese businesses. Crown has been knowingly laundering money for a long time now.
Source: smh - 🏆 6. / 80 Read more »