Lifestyle

Australian billionaires have donated at least $54 million to wildfire relief efforts. Here’s how that stacks up to billionaires’ donations after the Notre Dame fire.

Australian billionaires have collectively pledged at least $US54 million to wildfire relief efforts, Business Insider estimates. The largest single private donation has been from Andrew Forrest, who donated $US48 million to the cause. To put that number into perspective, one social-media influencer said she was able to raise $US700,000 for […]
Australian billionaires have donated at least $54 million to wildfire relief efforts. Here’s how that stacks up to billionaires’ donations after the Notre Dame fire.
News

Champagne, cigars, flights and hotel rooms: Israel’s Prime Minister has just been indicted on corruption charges, and Crown Casino billionaire James Packer allegedly played a role

Israeli Prime Minister Benjamin Netanyahu was indicted on bribery, fraud, and breach of trust charges on Thursday in three seperate criminal cases. Crown Casino billionaire James Packer was mentioned in one of the cases, and allegedly offered various gifts to Netanyahu and his family over several years. Police did not […]
Champagne, cigars, flights and hotel rooms: Israel’s Prime Minister has just been indicted on corruption charges, and Crown Casino billionaire James Packer allegedly played a role
News

Probe into Crown Casino’s links to drugs and crime could embroil business heavy hitters — including James Packer, former AFL boss Andrew Demetriou and ad man Harold Mitchell

The federal government has launched an integrity investigation into Crown Resorts and a number of Commonwealth officials after reports by Nine-owned media outlets alleged Chinese criminal figures were fast-tracked through Australian immigration and that the gaming company had ties to drugs, prostitution and human trafficking. The Crown board of directors […]
Probe into Crown Casino’s links to drugs and crime could embroil business heavy hitters — including James Packer, former AFL boss Andrew Demetriou and ad man Harold Mitchell
Markets

James Packer has stepped down from the board of his private company

Billionaire James Packer in continuing to shed board responsibilities, this time stepping down as chairman of his private company, Consolidated Press Holdings. The largest shareholder of casino owner Crown Resorts has been winding back his corporate roles because, says a spokesman for Consolidated Press Holdings, Packer has been “suffering from […]
James Packer has stepped down from the board of his private company
Markets

Crown Casino is under investigation for fiddling with buttons on gambling machines

Crown is under investigation for a potential breach of Victoria’s Gambling Regulation Act. Billionaire shareholder James Packer announced plans to sell down part of his stake in the company. Billionaire James Packer’s Crown Resorts Limited has revealed it’s being investigated for a potential breach of Victoria’s Gambling Regulation Act. The […]
Crown Casino is under investigation for fiddling with buttons on gambling machines
News

Israeli prime minister Benjamin Netanyahu may be in hot water over bribery allegations and he doesn’t seem to be denying it

Israel’s police recommended charging Prime Minister Benjamin Netanyahu with bribery on Monday. Netanyahu responded on Tuesday, and did not overtly deny receiving gifts from business leaders. The police recommendation detailed two cases, dubbed Case 1000 and Case 2000, detailing allegations of bribery as well as luxury gifts including cigars, champagne […]
Israeli prime minister Benjamin Netanyahu may be in hot water over bribery allegations and he doesn’t seem to be denying it
News

Packer is doubling down on his Barangaroo casino bet

Casino giant Crown Resorts will sell two floors of its new luxury Sydney complex for $60 million to its largest shareholder, billionaire James Packer, as part of a $700 million package of asset sales in Australia and overseas. The company told the stock market on Wednesday that Mr Packer would […]
Packer is doubling down on his Barangaroo casino bet
Markets

Billionaire James Packer today rejoined the board of Crown Resorts

Billionaire James Packer’s reappointment to the board of directors of Crown Resorts, flagged in January, become effective today after the final bit of paperwork was completed. Packer, the largest shareholder at 48.2% through his private company Consolidated Press Holdings, in January decided to rejoin the board of directors and take […]
Billionaire James Packer today rejoined the board of Crown Resorts
Markets

Macau casino boss Lawrence Ho is critical of James Packer’s Crown

Casino operator Lawrence Ho has reportedly criticised James Packer’s Crown Resorts Ltd, arguing it was too aggressive in marketing gambling on mainland China. In an interview with the Financial Times, Ho said the fact Crown sent employees to mainland China to directly market gambling activities in Macau had angered Chinese […]
Macau casino boss Lawrence Ho is critical of James Packer’s Crown
Markets

James Packer has sold his stake in Hollywood film company RatPac Entertainment

Australian billionaire James Packer has sold off his share in RatPac Entertainment, the film business he co-founded with Hollywood producer and director, Brett Ratner, four years ago. Britain’s second richest person, Ukraine-born American billionaire Len Blavatnik, bought Packer’s stake, which Variety first reported the casino mogul had been looking to […]
James Packer has sold his stake in Hollywood film company RatPac Entertainment
Markets

Profit is fading at James Packer’s Crown as high rollers become scarce

High rollers aren’t throwing cash at gaming tables in Australia like they used to. Crown Resorts, controlled by billionaire James Packer, today posted a 75% rise in net profit to $359.14 million for the six months to December. However, normalised net profit after tax was $191.3 million, down 9.1%. This […]
Profit is fading at James Packer’s Crown as high rollers become scarce
Markets

James Packer is taking a firmer grip on Crown Resorts

Billionaire James Packer has reversed direction to take a more hands on approach to his holding in gaming business Crown Resorts. Packer, the largest shareholder at 48.2% through his private company Consolidated Press Holdings (CPH), has decided to re-join the board of directors and is seeking more representation on the […]
James Packer is taking a firmer grip on Crown Resorts
Markets

James Packer’s Crown sells down Macau and cancels Vegas casino project

Billionaire James Packer’s Crown Resorts has dropped plans to demerger international assets, cancelled a planned Los Vegas project and sold down its holding in the troubled Macau business. However, the company will still spin off 49% of its Australian property in an IPO. Crown announced a $1.6 billion sale of […]
James Packer’s Crown sells down Macau and cancels Vegas casino project
News

Four Australians are now involved in the Crown Resorts arrests in China

Foreign Affairs Minister Julie Bishop has confirmed the detention of a fourth Australian in China in connection with the nationwide blitz on Crown Resorts’ activities on the Chinese mainland. The fourth Australian is not a Crown employee but is being held along with the 18 staff detained on “gambling crimes” […]
Four Australians are now involved in the Crown Resorts arrests in China
News

The detention of Crown staff in China over alleged ‘gambling crimes’ has rattled the Asian gaming industry

Chinese authorities have launched a criminal investigation into staff at Crown Resorts and confirmed they have detained a number of Australians for gambling-related offences. Crown believes 18 of its staff, including three Australians, are being held, as other foreign casino operators, including Star Entertainment, scramble to safeguard their China-based staff. […]
The detention of Crown staff in China over alleged ‘gambling crimes’ has rattled the Asian gaming industry