Australian mogul James Packer resigned today from the day-to-day running of Crown Resorts but said he will remain involved with the global casino operator in a senior executive role.
The billionaire, who owns 53 percent of the Australian-based company, quit as director but will remain co-chairman of Macau-focused group Melco Crown Entertainment and Alon, the holding company for Crown's move into Las Vegas.
He said his decision followed Rob Rankin's appointment Crown chairman after Packer quit that position in August, as the tycoon spends an increasing amount of time overseas.
"I intend to devote my energies to a number of key development projects in Sydney, Melbourne and Las Vegas as well as Crown's online platforms," he said in a statement. (AFP)
Comments - 4
Ceylonese Monday, 21 December 2015 05:42 PM
With Mariah Carey always by his side Australian billionaire James Packer now has hardly any time for Crown Resorts. Hope he is lucky this time.
clueless Tuesday, 22 December 2015 01:49 PM
No no he is going to concentrate on his new barangaroo casino in Sydney
Bippity Boppity Boo Monday, 21 December 2015 12:59 PM
How about our "Baba" as a replacement .
NuwanBodhipala Monday, 21 December 2015 01:19 PM
Good hope he gets some SINHA LAY to his MOLAY
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