Crown Resorts debt & dividend payment nets Packer AUS $600 million

Crown Resorts debt & dividend payment nets Packer AUS $600 million Australian casino tycoon James Packer has gathered more than $101 million (AUD) from selling a million subordinated notes in Crown Resorts Limited to the company last week, according to an Australian Stock Exchange filing by his holding company …

World Casino Directory

Melco Crown to Change Its Name as It Seeks Post-Crown Identity

The Asian casino giant will drop the “Crown” from its English moniker and has proposed renaming itself “Melco Resorts & Entertainment,” as the company, much like Mariah Carey, contemplates a life without James Packer. James Packer’s Crown to be …

Casino.Org News

Crown Resorts debt & dividend payment nets Packer AUS $600 million

The continued restructure of Crown Resorts and its business assets has earned Australian casino and leisure magnate James Packer approximately AUS $600 million (£375 million) in cash last week. Packer’s personal wealth vehicle Consolidated Press …

SBC News

Dividend windfall for CPH shareholders

James Packer’s private company has more than trebled the dividends paid to its shareholders, ahead of the billionaire embarking on an aggressive round of asset sales in a bid to make his private empire eventually debt-free following a billion-dollar …

The Australian

James Packer calls in $100m loan to Crown

Casino tycoon James Packer has an extra $100 million in his wallet after calling in a loan to his Crown Resorts empire. Mr Packer last week sold a million subordinated notes – a debt security – to Crown for $101.58 each, returning more than $101

The Sydney Morning Herald

James Packer Cashes in A$500 Million after Latest Melco Crown Shares Selldown

Australian businessman James Packer collected almost A$600 million last week after selling subordinated notes to local casino operator Crown Resorts and receiving dividend and special payment from the company’s selldown of its international business.

Casino News Daily

Melco Crown Name Change is Designed to Reflect Life After Packer

Melco Crown Entertainment will propose changing its English name at its forthcoming AGM, as it looks towards a future without Crown Resorts. Lawrence Ho to drop Crown from Melco Crown. Macau casino royalty Lawrence Ho is now the controlling …