Business
Packer throws in the towel to save Crown’s licence – The Australian Financial Review
Billionaire gambling mogul James Packer has invited the NSW casino inquiry commissioner to cap shareholdings in Crown Resorts in an admission he may be forced t…
“I think there certainly shouldn’t be major shareholder provisions going forward,” he said.
“I think the Crown board has a lot to think about in terms of who the right people are for the right jobs. I think caps on shareholders may be something that you’ll think about.
“I wont be going on the board again. I think the board will be more independent than it was in the past.”
Mr Packer admitted to being a driving force behind Crown Resorts’ aggressive and risky approach in China to luring high r…
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