Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Business Leaders  >  All news

Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
HomeAll newsMost read newsBusiness Leaders Biography
Birthday : 09/08/1967
Place of birth : Sydney - Australia
Biography : Mr. James D. Packer is a Chairman at Consolidated Press Holdings Pty Ltd.

James Packer Steps Down from Board of Crown Investor Consolidated Press Holdings

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/09/2018 | 05:30am CEST

By Mike Cherney

SYDNEY--Australian billionaire James Packer has stepped down from the board of his investment company, further reducing his involvement in his business empire after struggling with mental-health issues.

A spokesperson for the investment company, Consolidated Press Holdings, confirmed that Mr. Packer had stepped down from the board "as he continues his recovery."

CPH is the largest shareholder in Australian casino company Crown Resorts, in which it holds a roughly 47% stake. Mr. Packer had also been serving on Crown's board, but he resigned in March.

The casino company attracted international attention in 2016 after some employees were detained by Chinese authorities, leading to concerns that lucrative Chinese high-rollers might curtail visits to overseas casinos.

Crown is currently building a pricey casino-resort complex on Sydney's waterfront.

-Write to Mike Cherney at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
1  2  3  4  5  6  7  8  9  10Next

Advertisement