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Packer steps down as Crown chair

17 August 2015

AUSTRALIA -- Last week James Packer stepped down as Crown chairman, the Sydney Morning Herald reported.

Packer phone up Crown's board meeting to resign, the report said.

It's understood Packer resigned because profits fell and he's mostly living outside Australia, where he intends to focus on Crown's overseas casino properties, the Sydney Morning Herald reported.

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Packer steps down as Crown chair is republished from Online.CasinoCity.com.