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Australia Billionaire James Packer to Receive $3.3 Billion in $8.9 Billion Crown Resorts Sale to Blackstone

19th February 2022 | Singapore

Australia billionaire James Packer is set to receive $3.3 billion (36.8% share) in the $8.9 billion sale of casino and gaming company Crown Resorts to private equity firm Blackstone.  The transaction is subject to the approval by the Australian Foreign Investment Review Board and the Australian. gaming regulator.  Australia billionaire James Packer share in Crown Resorts is held under Consolidated Press Holdings with 36.8% shareholding.  James Packer is the son of media mogul Kerry Packer AC and grandson of Sir Frank Packer, and inherited the control of family company Consolidated Press Holdings, which includes investments in Crown Resorts.

“ Australia Billionaire James Packer to Receive $3.3 Billion in $8.9 Billion Crown Resorts Sale to Blackstone “

 


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Crown Resorts, James Douglas Packer

James Douglas Packer is the son of media mogul Kerry Packer AC and grandson of Sir Frank Packer, and inherited the control of family company Consolidated Press Holdings, which includes investments in Crown Resorts.  

 

James Douglas Packer




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