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.