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’Australia’s Packer raises casino stake
James Packer, Australia’s richest man, has raised the stakes in a bet that has so far lost at least $1bn, reports Bloomberg. Packer paid A$205m ($186m) to increase his stake in Crown, Australia’s largest casino owner,
Tchenguiz bid for CIF could spark clash
An investment vehicle controlled by Vincent Tchenguiz has made an unsolicited offer worth A$1.22bn ($1.13bn) for Australia’s Challenger Infrastructure Fund in a move that could spark a battle between the UK-based property investor and James Packer,
Murdoch and Packer confirm deal
Lachlan Murdoch is poised for a comeback in the Australian media sector after joining forces with James Packer to take private the remnants of the late Kerry Packer’s media empire. Under a A$3.31bn ($2.85bn) indicative offer announced Monday,
What lies behind the Murdoch/Packer deal?
Trust the (News Corp-owned) Australian newspaper to scoop the world with its report on Monday that Lachlan Murdoch and Australian gaming magnate James Packer will join forces in an A$3.3bn deal to take Packer’s publishing company,
Lachlan Murdoch, James Packer to buy CPH
Lachlan Murdoch, son of media tycoon Rupert Murdoch, and Australian gaming magnate James Packer will join forces to buy publishing company Consolidated Media Holdings, reports Reuters, citing a report on the website of News Corp-owned The Australian newspaper.
Packer’s Crown buys Cannery Casino
Crown, Australia’s biggest casino owner, agreed to buy Cannery Casino Resorts for $1.75bn cash, gaining its first operating venues in the US, reports Bloomberg. The acquisition will increase earnings and is subject to regulatory approval,
ICBC clinches Ho’s stake in Seng Heng — and a foothold in the Vegas of Asia
Amid this week’s fanfare around the opening of Venetian Macau, the world’s biggest casino, and Macau’s evolution into a gambling centre to rival Las Vegas, Beijing is moving to tighten its grip on gambling revenues in the former Portugese colony.
Packer to sell 25% stake to CVC
James Packer, Australia’s richest man, is set to sell more of his TV and print media assets to buy-out firm CVC Asia Pacific as he looks to retreat from traditional media and focus on his casinos business.
Packer splits PBL gaming, media empire
James Packer’s Publishing & Broadcasting Ltd, Australia’s largest casino and media owner, plans to split into two companies and return A$2bn ($1.7bn) to shareholders, triggering the stock’s biggest rise in seven years,