NewsBite

Perry Williams

June 2016

James Packer

James Packer's $2b Sydney casino wins approval

James Packer's Crown Resorts has won approval for his $2 billion Sydney casino at Barangaroo.

Billionaire Len Ainsworth will cash in a $500 million pokies windfall.

Ainsworth wins battle for $500 million pokies jackpot

Billionaire Len Ainsworth will cash in a $500 million pokies windfall after shareholders approved the Novomatic bid.

IFM eyes deals after Brexit shock

IFM Investors, says Britain's shock exit from the EU could spark a rash of deals.

The Australian Securities and Investment Commission has questioned why pokies billionaire Len Ainsworth acquired new shares in Ainsworth Game Technology which effectively hands him a blocking stake as a battle for control of the company intensifies.

ASIC probes Len Ainsworth's blocking stake

ASIC has questioned why pokies billionaire Len Ainsworth acquired new shares in Ainsworth Game Technology.

Betting giant Tabcorp has admitted to failings in its counter terrorism and anti money laundering programme.

Tabcorp concedes faults in 'dirty money' probe by Austrac

Tabcorp acknowledges failings in its counterterrorism and anti-money laundering program before a court battle brought by Austrac.

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Overseas betting giants hit by gambling tax

Overseas betting giants hit by gambling tax

James Packer-backed Melco Crown Entertainment has distanced itself from a deal to buy out its two hedge fund partners from the $4 billion Studio City casino in Macau.

Crown Resorts Macau spin-off prepares for onslaught of new casino competition

The James Packer-backed Melco Crown is worried about the onslaught of new rivals, its CEO has admitted.

Hedge fund giant lashes Ainsworth deal

A big US fund urges rejection of a deal that will hand a $500m payout to the founder of the Australian poker machine make.

Gaming giant Tabcorp is in the race for a wagering deal with New Zealand's state-owned TAB betting agency as part of a push into overseas markets to diversify its earnings.

NZ Racing Board confirms Tabcorp one of three racing for NZ TAB

Gaming giant Tabcorp is in the race for a wagering deal with New Zealand's state-owned TAB betting agency.

Moody's says James Packer's spin-off plan creates Crown Resorts cash crunch

Moody's is questioning James Packer's ability to generate funds for his $2 billion Crown casino in Sydney as the company spins off its international unit.

Crown taps $1b Macau windfall to ease debt pressure

James Packer's Crown Resorts has moved to allay investor concerns over its balance sheet.

Packer's expensive Nobu snack set ground for Crown break-up

Trophy assets like Nobu may be a thing of the past as Packer ponders the $13 billion break-up of Crown Resorts.

James Packer currently owns 53 per cent of Crown Resorts.

James Packer eyes $1.7bn Crown payday

James Packer could boost his stake in Crown Resorts by up to $1.7 billion if investors back a break-up of the casino group.

Crown Resorts spin-off to create $2 billion hotel property trust

Plans by Crown Resorts to a spin-off of five hotels into a new trust would create a listed vehicle holding about $2 billion worth of property.

The charts that explain James Packer's splitting-up of Crown Resorts

James Packer's audacious split of his gaming empire aims to solve two major problems for the listed Crown Resorts entity.

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James Packer (LHS) and Rob Rankin (RHS) have gone their separate ways on the Pacific Point Partners venture.

James Packer's Crown Resorts to split off international casino business

James Packer's Crown Resorts will split its international business off from its Australian operations

Qube confident Asciano takeover will proceed

Qube is confident the $9 billion takeover tilt for Asciano will proceed despite frustrations with regulatory delays and a legal battle.

James Packer (LHS) and Rob Rankin (RHS) have gone their separate ways on the Pacific Point Partners venture.

James Packer's Crown Resorts to split itself in three

James Packer's Crown Resorts will split its international business off from its Australian operations.

NSW Premier Mike Baird has announced a ban on greyhound racing.

NSW Premier Mike Baird vows to push WestConnex through

NSW Premier Mike Baird has vowed to push through Sydney's controversial $16.8 billion WestConnex motorway.

UK corporate bookmaker Ladbrokes has withdrawn a betting product offering instant online wagers on live sports in Australia.

Ladbrokes yanks its live-betting service on government crackdown

Ladbrokes has withdrawn a betting product offering instant online wagers on live sports because of the Coalition government crackdown on the service.

Original URL: https://www.afr.com/by/perry-williams-gh1cyw