James Packer’s Crown Majority at Stake

James Packer’s Crown Majority at Stake
James Packer of Crown Resorts leaves after attending the Crown Resorts annual general meeting on October 26, 2017 in Melbourne, Australia. Scott Barbour/Getty Images
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James Packer’s majority shareholding in casino giant Crown Resorts is at risk, concedes the billionaire, who wrapped up a “painful” few days of evidence at a NSW gaming inquiry.

The 53-year-old admits he won’t return to the boardroom and might also face a cap on his 36 percent shareholding in the company, which is being scrutinised for its suitability to operate a new casino at Sydney’s Barangaroo.