James Packer has stepped down as a director of Crown Resorts. However, he is still Crown’s controlling shareholder and the architect of the group’s ambitious expansion strategy. It’s not clear whether James Packer will pull together a privatisation offer for his 53 per cent-owned Casino group, Crown Resorts, but it is easy to work out why…
Warren Buffett would be the first to admit that he hasnt had a great year, at least by his standards. Not since 2008 has his company, Berkshire Hathaway [NYSE:BRKA], seen its share price drop as much as it has. According to CNN Money: Shares of Berkshires A and B shares are each down about 13%…
Buy Photo Paul Borrelli leaves federal court with attorney Richard Coia, left. (Photo: CARLOS ORTIZ/@cfortiz_dandc/File photo 2014) On April 9, 2014, Paul Borrelli, a local man whose bookmaking traces back to Rochester’s mob days, received a call from a friend who owed $1,600 in gambling debt. “There’s a line from the old movie, The Godfather,” the…
James Packer’s attack on delays for his Crown Sydney casino development comes a decade after the death of his father Kerry Packer who also vied to build a Sydney casino. Photo: AP Billionaire James Packer has vented frustrations over delays to his $2 billion casino in Sydney’s Barangaroo and conceded it will struggle to meet…
Crown Resorts, of which James Packer is a director, had a board meeting on Wednesday. Photo: Pat Scala James Packer has held talks with potential partners about buying assets held by his majority-owned casino operator Crown Resorts, but the billionaire is yet to raise the privatisation plan with his fellow directors. Any privatisation plan that is being hatched…
The Federal Group has rejected accusations the tying of its redevelopment plans for Wrest Point Casino to the extension of its exclusive gambling licence in Tasmania amounts to “corporate blackmail”. The company yesterday unveiled its plans for a $70 million upgrade to its Hobart casino, but warned the investment was on hold until the…
An Erie County Court jury concluded on Tuesday that a 58-year-old shooting victim knew exactly who fired three bullets into him as it found the assailant guilty of attempted murder, assault and criminal possession of a weapon. James R. Thomas Jr., 28, of Minnesota Avenue, allegedly was looking for payback on a gambling debt on…
Everyone has heard of sexually transmitted diseases, but in this liberated world in which we live, financial advisers say sexually transmitted debt is becoming an increasing problem. Key points: Sexually transmitted debt is debt you catch from your partner Can come from rental agreements, guaranteeing loans, signing contracts Expert says talking about money…