James Packer - tendency of Jul 19

James Packer

Information about James Packer

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Since his father's death, Packer has moved away from the family's traditional media businesses and focused on creating a worldwide gambling empire: Crown Resorts. [citation needed] Crown is one of Australia's largest gambling and resort groups. [citation needed] It has businesses and investments in the integrated resort and casino sectors in Australia and Macau, and wholly owns and operates a high-end casino in London, Crown Aspinall's. In October 2017, Crown's market capitalization was over $8 billion. Crown's two Australian resorts, Crown Melbourne and Crown Perth, feature over 2,750 hotel rooms, VIP villas, gambling areas, resort pools, luxury spas, signature restaurants and retail, convention centres and live entertainment venues. Every year Crown's Australian resorts and casinos attract over 31 million visits. Over one third of Crown's revenue in fiscal 2016 was estimated to be generated from international visitors, mostly Asian customers. Crown announced investment of over A$4. 1 billion between fiscal 2007 and fiscal 2017, to upgrade and open new attractions at its Australian resorts, including the significant development A$2 billion Crown Sydney Hotel Resort which is expected to open in 2020.