December 2024
ASX rebounds; News Corp sells Foxtel; Packer’s $400m Toorak project
Read everything that’s happened in the news so far today.
- Exclusive
- Property development
James Packer-backed $400m Toorak project gets the green light
Developer Orchard Piper has won an appeal against a council decision regarding its eight-level project on the site of a former Mercedes-Benz dealership.
- Larry Schlesinger
- Exclusive
- Casinos
Crown Resorts wants to add pokies to the mix at its Sydney casino
The Blackstone-owned hospitality and gambling giant has been prohibited from installing gaming machines under terms struck when it secured its NSW licence.
- Zoe Samios
- Exclusive
- Commercial real estate
James Packer behind $110m deal for Surry Hills heritage building
An investment company ultimately owned by James Packer is partnering with developer Time & Place on plans for a $500m inner-Sydney development.
- Larry Schlesinger
November 2024
Chris Ellison’s wife is inside out at MinRes
Tia Ellison appeared in a mystery Perth property deal, which saw MinRes take a $45 million stake.
- Mark Di Stefano
October 2024
Packer in $120m payday as big bets on Nvidia, Meta pay off
The billionaire’s private investment vehicle Consolidated Press Holdings recorded a profit of more than $590 million last year, new accounts show.
- Primrose Riordan
Opulent yachts of Lachlan Murdoch and James Packer meet in Fiji
The billionaires’ vessels were recently spotted in an exclusive Pacific cove after Packer appeared on TV talking up one of his oldest friends.
- Mark Di Stefano
September 2024
PwC grilled; ASX hits yet another record; Myer’s rescue plan
Read everything that’s happened in the news so far today.
Blackstone is burning through Crown Casino
The global real estate giant has lost another top-ranking casino executive, to go with the two others who left last month.
- Mark Di Stefano
August 2024
Dan Andrews’ second secret Blackstone meeting
Dan Andrews met the US parent of Crown Resorts twice, part of undisclosed business dealings of the powerful former premier.
- Mark Di Stefano
July 2024
Quadrant’s erstwhile top dealmaker returns armed with Packer cash
It’s taken a very sweet opportunity to bring him back to dealmaking – namely Everest Ice Cream, a major manufacturer of wholesale frozen desserts.
- Sarah Thompson, Kanika Sood and Emma Rapaport
June 2024
Star casino chair lets loose on LinkedIn
Star Entertainment is celebrating its award-winning staff inclusion. What would the leader of the board think about it?
- Mark Di Stefano
The leak that got away: Chanticleer on Foxtel’s $2b losses
Seven former Chanticleer columnists reminisced about their biggest stories on Thursday to celebrate the column’s 50th anniversary. Here’s what they said.
- Sam Buckingham-Jones
April 2024
Crown Resorts finally gets the green light to run Sydney casino
The Blackstone-owned gaming giant had been subject to a string of restrictions after a NSW inquiry called into doubt its ability to properly run a casino.
- Zoe Samios
Ashok Jacob’s son gets the Ellerston Capital tick of approval
Few investors could understand the suffocating weight of expectation that comes with having a larger-than-life father like Ashok Jacob.
- Updated
- Mark Di Stefano
Uber’s ‘espionage plot’ to ‘crush’ Packer-backed rival GoCatch
Well before the ride-sharing giant dominated, it had a big local rival. This week, Victorian courts will hear explosive claims of how it killed the competition.
- Paul Smith
March 2024
Crown to keep casino licence but will ‘never be too big to fail’
The Victorian Gambling and Casino Control Commission has deemed Crown Melbourne suitable to keep its exclusive licence.
- Updated
- Gus McCubbing
- Updated
- Fashion retail
Private equity-backed swimwear group Tigerlily collapses
For the second time in four years, the company founded by Jodhi Meares has gone under. Its owner, Crescent Capital, tried to sell the retailer last year.
- Updated
- Carrie LaFrenz
February 2024
- Opinion
- Chanticleer
Why James Packer is the luckiest billionaire in Australia
Crown Resorts may have given him plenty of heartburn, but the latest ugly numbers from Star Entertainment show how well-timed the sale really was.
- James Thomson
Why an American dynasty is tapping Aussie investors for money
The Cordish family have built up protected wealth across the US by placing their faith in ambitious private equity start-ups. They also have big bets on the consumer.
- Jonathan Shapiro