Around the time more than a dozen Crown employees were being detained in China, Mr Packer was fresh from a well-reported split with American singer Mariah Carey."I think he's in a better headspace than what he was a couple of years ago," Mr Kitney said.
"But I think as time has gone on since the terrible events of 2016, which saw his third nervous breakdown in his life, I think he's decided that he just doesn't want to have any extra stress."So I think for him, to be able to keep an interest in a global casino group but at the same time take a lot of money off the table and step back from an active role, I think that's really important to him mentally.
Crown paused trading on Tuesday morning after news of the potential takeover was reported in the media and its share price closed 19.7 per cent higher after it confirmed the $10 billion bid from Wynn Resorts. But there are concerns that some traders were aware of the confidential talks between the two parties ahead of time and acted on that information.
"The issue is that a very large number of shares were traded in that short interval when there was clearly a leak to the market, and that's effectively insider trading," Mike Robey from the Australian Shareholders' Association told 7.30.The Australian Securities and Investments Commission has confirmed it is investigating the trades.
Source: News Formal (newsformal.com)
Because he is betting on a better future. Hahahaha
Cause the chings cant take money out of china anymore to gamble 😂😂
Because hell is hot.
Lol. Cause he couldn't win a chook raffle?
There are thousands of battlers with weight & mental issues who need a hand I’m sure the billionaire will be ok
Why would Packer want to quit? He has a $1 a year lease at Crown Casino in Melbourne, has 7 sets of hypnotic windmills (sets of four) along the Riverfront promenade, and has metal “pick a pocket any pocket” design features everywhere that there’s foot traffic throughout Melbourne
He wants to put his vast wealth to some societal good Naaaaaaaaaaaaaaaaaa
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James Packer: Failed $10b Wynn merger the latest in list of screw-upsA Las Vegas casino empire kicked a $10 billion merger with Crown Resorts to the kerb overnight after the James Packer-backed gambling firm spoiled the deal by pre-emptively spilling the beans. Just cos you got the same surname it don’t mean you gots tha skills.
Source: newscomauHQ - 🏆 9. / 77 Read more »
Apartment values tipped to drop 6 per cent amid Crown sale talkFalling property values are not helping the cause of the James Packer-backed Crown Resorts.
Source: smh - 🏆 6. / 80 Read more »
‘I am going broke’The sky in Los Angeles was still jet black when James Packer stumbled out of bed on the cool autumn morning of October 28, 2016. Hed barely slept a wink in a fortnight and the previous night had been no exception. Holed up in the guesthouse of the vast estate that is home to movie legend Warren Beatty, perched atop the storied Mulholland Drive in the Hollywood Hills, Packer looked every bit a nervous wreck. For weeks the favoured dawn panacea for the chain-smoking billionaire had been a few of his favourite menthol cigarettes and a shot or two of straight vodka, and by dusk hed have drained the bottle and more. 1 generation creates the money, 1 generation expands the money, 1 generation wastes the money
Source: australian - 🏆 20. / 53 Read more »
Let the bidding begin: It looks like Packer has lost interest and wants outThe Wynn deal may have fallen over, but the logic of a deal behind it is so compelling as to be exquisite. EKnightOfficial Why no mention of your twisted relationship with labor and your union pals? Always knew there was a reason behind your hard left bias in your crack-pot reporting!!!!
Source: smh - 🏆 6. / 80 Read more »
Budget a win for small business: ACCI’s James Pearson | Sky News AustraliaJames Pearson, CEO of the Australian Chamber of Commerce and Industry, says the instant asset write-off expansion in the 2019 federal budget is good news for small business. \n\nThe threshold has been increased from $25,000 to $30,000 per claimable asset, and eligibility has expanded to include businesses with a turnover of less than $50 million. \n\nMr Pearson emphasises that multiple assets of up to $30,000 in value can be claimed, adding that business owners should take advantage of it for equipment upgrades, technology and to increase their ability to compete in the market. \n\n\n No good if middle and lower class can't afford to spend with them. My auspol ausbiz rant Past, current global economic issues 1 Brexit, BrexitShambles, bremain 2 realDonaldTrump 3 Paying for money People, business don't have confidence The gfc itself may be ending, but the issues are real Maybe dealt with in this generation, doubt it
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Wynn ends talks with CrownBREAKING: Casino giant Wynn Resorts has walked away from its $10 billion takeover talks with the James Packer-backed Crown Resorts because of the “premature disclosure” of the engagement SarahJaneTasker SarahJaneTasker He just doesn’t have the negotiating skills in his family. 3rd generation swills away fortune on stupid deals. Gretel seems sound, though. SarahJaneTasker Certainly hasn’t affected his penchant for an oversized lifestyle 🤢 SarahJaneTasker Jesus H Christ James!! lose some weight!!
Source: australian - 🏆 20. / 53 Read more »
James Packer’s $10b casino deal falls throughA $10 billion takeover deal between James Packer-backed Crown Resorts with Las Vegas gambling giant Wynn Resorts has fallen through because details of it were leaked to the media. I’d like to see poker machines banned in Australia a huge price tag for big mouth, ASX should look at the hike of Crown share price yesterday
Source: newscomauHQ - 🏆 9. / 77 Read more »
Crown shares plunge as takeover talks collapseShares in the James Packer-backed Crown Resorts have opened nearly 9 per cent lower after talks about a potential takeover collapsed overnight. NickToscano1 Gee he looks well....
Source: smh - 🏆 6. / 80 Read more »
James Packer's Crown in takeover talks with Wynn ResortsThe James Packer-backed Crown Resorts has announced it is in confidential discussions regarding a potential takeover by the Las Vegas-based casino giant Wynn Resorts. NickToscano1 Be still my pounding heart. NickToscano1 Do it James, as your Dad said “you only get one Alan Bond in your life”. NickToscano1 Can I please just have 1% of the takings to pay of my mortgage please...I owe 750000 and I'm 63 and my wife turns 60 tomorrow...we don't want to lose our castle. 🙁🙁🙁
Source: smh - 🏆 6. / 80 Read more »
James Packer's Crown in takeover talks with Wynn ResortsAustralia's largest casino operator, the $8 billion CrownResorts, is in confidential discussions regarding a potential takeover by the Las Vegas-based casino giant Wynn Resorts CrownResorts 'Confidential' ? The Twitter universe knows about it!!!!!!
Source: theage - 🏆 8. / 77 Read more »