Former Crown owner James Packer vows never to work with casinos or China again

Former Crown owner James Packer vows never to work with casinos or China again

Article brief provided by Inside Asian Gaming
  • Inside Asian Gaming
February 29, 2024 3:45 PM

The former controlling shareholder of Australia’s Crown Resorts, James Packer, has vowed to never again invest in the casino industry – or to do business in China – after being forced to sell his AU$3.3 billion stake in the company in 2022.

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In his first in-depth interview since a series of high-profile inquiries into Crown’s Australian casino operations – which among other areas explored the company’s association with Asian junkets and the 2016 arrests of Crown Resorts staff for the illegal promotion of gambling in mainland China – Packer told recently launched media outlet The Nightly that he was glad to have escaped the pressure of the casino industry and its “obligations to build things”.