Fading Packer dynasty exposes Sydney’s power vacuum
The political power of the Packer dynasty has faded – so who are the successors? The game has changed.
James Packer was on his way out of Crown Resorts before Blackstone lobbed its $8 billion takeover bid on Monday. David Rowe
For those who watch how power works in Sydney, the wonder of James Packer’s spectacular fall from grace is not that it happened – it’s that it took so long.
Packer was on his way out of Crown Resorts before Blackstone lobbed its $8 billion takeover bid on Monday. Commissioner Patricia Bergin’s damning findings on Crown in her report on the casino inquiry last month arguably ensured that Packer has a limited future with Crown and its new Barangaroo casino.
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