Browsing Tag

controlling shareholder protocol

James Packer gives up Crown stake fight

The reclusive billionaire had previously argued forcing him to slash his stake in the casino giant was not necessary, but has now resigned himself.James Packer has given up his fight to cling onto his massive stake in Crown Resorts, telling…

Blow to Packer in casino clean-up

James Packer will need the approval of a new casino regulator to keep his big stake in Crown, which could be a big ask.Every single recommendation from the NSW inquiry into Crown’s money laundering scandal has been accepted by the state…

Packer resists push to slash Crown sway

The reclusive billionaire is fighting calls to limit his voting power in the casino giant, while outgoing chair Helen Coonan has not ruled out a consulting role.Reclusive billionaire James Packer is fighting calls to limit his voting power…