Billionaire James Packer's Sydney casino hopes remain unharmed after he and Nine Network boss David Gyngell were fined $500 for their Bondi brawl.
Police issued the pair with criminal infringement notices for offensive behaviour after a three-day police investigation into their infamous scrap outside Packer's luxurious apartment, which resulted in a black eye for the casino mogul.
Gyngell will pay the fine and it is expected Packer, who has an estimated fortune worth $6.3 billion, will also cough up the cash.
"Mr Gyngell is pleased the process is now resolved," a Nine spokesman said.
The powerbrokers will be keen to close the book on the embarrassing chapter.
Both men had an initial 21-day period to stump up the $500 levy or contest it in the courts.
Settling the matter with a criminal infringement notice - introduced in 2007 as a quick method to deal with relatively minor offences - means both men avoid criminal records.
A criminal record could have seriously jeopardised Packer and Gyngell's business interests, not least Packer's hopes of running a high-rollers' casino at Sydney's Barangaroo development.
The NSW Independent Liquor and Gaming Authority is carrying out a probity inquiry into Packer's application to run the venue and it is understood the criminal infringement notice will make little difference to the outcome.
It remains unclear if the stoush will affect Packer's standing in Asia, where he has considerable gaming interests.
The business heavyweights generated worldwide headlines after photos and video emerged of the childhood chums fighting outside Packer's Bondi home.
It's believed the scrap erupted after Packer was made aware that a Nine Network van was parked nearby, which may have annoyed the casino mogul amid rumours model Miranda Kerr, with whom he has been linked romantically, was in his flat.
Police began investigating the fight on Tuesday, prompting Gyngell to issue a statement saying he instigated the dust-up.
"He also fully accepts that he was the instigator of the incident," the statement said.
"Clearly had he not turned up at Packer's premises in an angry mood, then the confrontation would never have occurred."
Packer on Friday accompanied his former wife Erica Baxter to the funeral of healthcare magnate Paul Ramsay.
The pair arrived at a church in the NSW southern highlands town of Bowral to pay their respects to Mr Ramsay, who died last week aged 78 from a heart attack.
