News Articles for James Packer

Billionaire James Packer has reduced his majority stake in casinos and hotels operator Crown Resorts, reaping around $448 million.

James Packer's Crown Resorts still sees Macau casinos as a good investment despite its joint-venture operations there continuing to weigh on profits.

Close to $1 billion has been added to Crown Resorts' market value as investors speculate a demerger of the casino operator will enable billionaire James Packer to privatise part of the group.

Gina Rinehart has lost her position as Australia's richest person due to plunging iron ore prices and a bitter court battle with her two eldest children.

After five consecutive years at the top of Forbes Australia's rich list, mining magnate Gina Rinehart is no longer Australia's wealthiest person.

Billionaire casino mogul James Packer has resigned as a director of Crown Resorts, fuelling speculation that he wants to completely take over Crown.

Billionaire James Packer's private investment firm, Consolidated Press Holdings, has downplayed speculation that he is seeking to privatise casinos operator Crown Resorts.

In a year when big deals were few and far between, the $4 billion acquisition by the Kerry Stokes-controlled WA Newspapers Holdings to buy most of his other media assets was something of a standout