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Gaming NewsPacker: No imminent return to US market21 March 2011AUSTRALIA -- James Packer won't be rushing back to invest in the US gaming market, according to The Australian. Packer, the executive chairman of Crown, invested heavily in US gaming before the recession hit and Crown had to negotiate its way out its full Cannery buyout to its current 24.5 percent stake, the report explained. In 2009 it withdrew from its plan to build a $5.5bn Las Vegas casino property, The Australian said. Mr Packer said the company got a shock during the global financial crisis, The Australian reported. |