James Packer's Crown Resorts will split its international business into a new listed vehicle and explore a potential IPO of a property trust that would include all of the company's Australian hotels, except Crown Towers in Melbourne.
Mr Packer will no longer be employed as an executive of Crown Resorts under the proposal, but will continue as the deputy chair of Macau-focused Melco Crown.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
Perry Williams writes on business from our Sydney newsroom, specialising in gaming and resources. Connect with Perry on Twitter.
