CasinoCityTimes.com

Gurus
News
Newsletter
Search News Subscribe
Stay informed with the
NEW Casino City Times newsletter!
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links
Related News
 

Packer: No imminent return to US market

21 March 2011

AUSTRALIA -- 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.

< Gaming News