Business
‘It’s my life’: James Packer insisted on Crown sale to Macau casino group – The Guardian
Inquiry hears then-executive chairman John Alexander was told of Crown Resorts sale deal with Melco group and ‘didn’t sound happy’
A key director involved with negotiating the sale of a major stake of Crown Resorts to Lawrence Hos Macau-based casino group has admitted he gave little thought to whether the transaction potentially breached a special Stanley Ho clause designed to protect the Sydney casino from ties to organised crime.
A NSW inquiry into whether Crown remains suitable to hold a casino licence heard on Monday that Crowns largest shareholder, James Packer, insisted on a $1.7bn deal with Lawrence Hos Melco Resort…
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