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Packer Gets Crown Exit Path With $2 3 Billion Oaktree Offer

Packer Gets Crown Exit Path With $2.3 Billion Oaktree Offer Bloomberg 1 hr ago Angus Whitley © Bloomberg Billionaire James Packer, co-chairman of Melco Crown Entertainment Ltd., attends a news conference at Melco s Studio City casino resort in Macau, China, on Tuesday, Oct. 27, 2015. (Bloomberg) James Packer has a potential new exit path from troubled casino operator Crown Resorts Ltd. after Oaktree Capital Management LP offered to help Crown fund a purchase of the billionaire’s shares. Popular Searches Oaktree has offered as much as A$3 billion ($2.3 billion) in financing for the deal through a “structured investment,” Crown said Monday. According to the proposal, Crown would use the funds to buy some or all of Packer’s 37% stake in Crown.

Packer wanted a new casino, so Alan Jones set up a lunch with the premier The rest is history

Packer wanted a new casino, so Alan Jones set up a lunch with the premier. The rest is history We’re sorry, this service is currently unavailable. Please try again later. Dismiss Opinion Packer wanted a new casino, so Alan Jones set up a lunch with the premier. The rest is history February 14, 2021 — 12.00am February 14, 2021 — 12.00am Save Normal text size Advertisement Page 92 of volume one of the Bergin report into Crown’s planned gambling mecca for Sydney, released in the past week, gives a sweet insight into how casino business is done in this country. Illustration: Reg Lynch Credit: “In around February 2012 Mr James Packer met with then NSW Premier Mr Barry O’Farrell OA, at the home of media identity Mr Alan Jones,” the inquiry report reads. “Mr Packer outlined his vision to build a $1 billion-plus hotel, casino and entertainment complex at Barangaroo. Later in February 2012 concept plans for a state-of-the-art, 350 room hot

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