Business
Packer agrees to Crown board ban in inquiry fallout – Sydney Morning Herald
Billionaire casino mogul James Packer has agreed to play no role in how Crown Resorts is run for the next three-and-a-half years.
ILGA said CPH would not initiate any discussions with Crown about its business operations, other than through public forums.
Crown is currently weighing up an $8 billion takeover offer from US private equity group Blackstone, which already owns 10 per cent of the company.
The Sydney Morning Herald and The Agereported on Thursday that CPH and ILGA had agreed that Mr Packer would not vote his shares on any issues relating to Crowns operations – such as the appointment of new directors – but would…
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