How Packer wins at Crown
The market is reading Commissioner Bergin’s scathing report on Crown as the Great Escape. But does James Packer care?
There’s a moment of overwhelming pathos in the picture of James Packer holed up in his Aspen mansion on Tuesday evening, reading Commissioner Patricia Bergin QC’s excoriating report from her casino inquiry that demolished his life’s work.
It’s not just that Bergin clearly wants Packer out of Crown Resorts, where the 36.8 per cent stake held by Consolidated Press Holdings (CPH) makes him still the shareholder with the biggest voice. It’s the ignominy of the proposed exit, the walk of shame, the rejection of the role that has for two decades defined him, that has to hurt.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Gaming & wagering
Fetching latest articles