Australian billionaire James Packer says he forgot regulator’s ban on deals with Stanley Ho
Casino owner explains deal with firm controlled by tainted casino magnate Stanley Ho's son despite ban
07 October 2020 - 17:57
Sydney — Australian billionaire James Packer said on Wednesday he “forgot” his casino firm Crown Resorts was banned from dealing with associates of Hong Kong's Stanley Ho when he orchestrated a part-buyout by a firm controlled by Ho's son.
Packer's actions as Crown's largest shareholder are being scrutinised as the New South Wales state government holds an inquiry to decide if the company should be allowed to go ahead with its A$2.2bn ($1.6bn) casino tower in Sydney just months before its scheduled opening...
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