The turbulent recent times of James Packer

James Packer's departure from the CPH board to aid his mental health recovery follows turbulent times in the casino tycoon's private life and business.

JAMES PACKER'S CHALLENGING FIVE YEARS

* September 2013: splits from Erica, the wife of his three young children.

* May 2014: captured by paparazzi brawling with close friend and then-Nine Entertainment chief executive David Gyngell

* December 2015: pays older sister Gretel a reported $1.25 billion to settle the terms of their father Kerry's will. Steps down from Crown board to focus on the casino operator's development projects.

* October 2016: breaks off nine-month engagement with US singer-songwriter Mariah Carey. The same month, 19 past and present Crown employees are detained in Shanghai, China.

* April 2017: pulls out of the Hollywood business RatPac, which he created in 2013 with producer-director Brett Ratner.

* May 2017: Crown pulls out of Macau, directing the $1.3 billion from the sale of its assets there to help pay down debt. Cashed-up mainland China gamblers had been deterred by the Shanghai detentions, affecting high-roller trade in Macau.

* June 2017: Crown pays $1.7 million in fines on behalf of the Crown staff who pleaded guilty to illegal promoting gambling on the Chinese mainland.

* August 2017: rejoins the Crown board

* December 2017: voluntarily meets with Australian Federal Police to be interviewed as a witness as part as part of a bribery investigation into Israeli PM Benjamin Netanyahu. There are no allegations of wrongdoing by Mr Packer.

* January 2018: Crown pulls the pin on Las Vegas expansion hopes and sells land on the Vegas strip for $370 million

* March 2018: quits the Crown board to deal with mental health issues.

* July 2018: steps down from the CPH board to continue his recovery.

QUOTES

"I've got China falling apart, the Australian casino businesses missing budgets by big amounts, I've got Mariah breaking up with me and I'm thinking, 'F***!" - Mr Packer in an interview with The Australian in late 2017.


Share
2 min read

Published

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world