April 6, 2021, 7:00 am ·
Australian billionaire James Packer has made it clear that he will act as kingmaker on any proposal for the sale of casino operator Crown Resorts. The businessman holds a 37% stake in the major group.
In a Tuesday statement, Mr. Packer’s private investment vehicle Consolidated Press Holdings (CPH) said that it is
“open to considering, and will independently assess, any suitable transaction for Crown shares that may eventuate.”
CPH’s comments come several weeks after US investment management giant Blackstone Group tabled an offer for 100% of Crown, including its casino properties in Perth and Melbourne and its luxury resort in Sydney.
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