James Packer

Entrepreneur

James Packer was born in Sydney, New South Wales, Australia on September 8th, 1967 and is the Entrepreneur. At the age of 56, James Packer biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.

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Date of Birth
September 8, 1967
Nationality
Australia
Place of Birth
Sydney, New South Wales, Australia
Age
56 years old
Zodiac Sign
Virgo
Networth
$3.7 Billion
Profession
Chairperson, Entrepreneur
James Packer Height, Weight, Eye Color and Hair Color

At 56 years old, James Packer physical status not available right now. We will update James Packer's height, weight, eye color, hair color, build, and measurements.

Height
Not Available
Weight
Not Available
Hair Color
Not Available
Eye Color
Not Available
Build
Not Available
Measurements
Not Available
James Packer Religion, Education, and Hobbies
Religion
Not Available
Hobbies
Not Available
Education
Cranbrook School
James Packer Spouse(s), Children, Affair, Parents, and Family
Spouse(s)
Jodhi Meares, ​ ​(m. 1999; div. 2002)​, Erica Baxter, ​ ​(m. 2007; div. 2013)​
Children
3
Dating / Affair
Not Available
Parents
Kerry Packer (father), Roslyn Packer (mother)
Siblings
Sir Frank Packer (grandfather), Gretel Packer (sister), Clyde Packer (uncle), Robert Clyde Packer (great grandfather)
James Packer Career

Packer is the major shareholder and a director of Crown Resorts Limited, one of Australia's largest casino groups. In October 2017, Crown's market capitalisation was over A$8 billion. Every year Crown's Australian resorts attract over 31 million visits.

Following the dotcom crash of 2000–2001, Packer acquired stakes in the online classified sites SEEK and Carsales.com, believing that newspaper companies relying heavily on classified advertising were vulnerable to online companies in categories including employment and vehicle listings.: 15

Packer purchased a 25% stake in SEEK for A$33 million in August 2003. He sold most of his stake six years later for A$440 million.: 53 : 242  At Packer's urging, the magazine group then controlled by his family, Australian Consolidated Press, acquired a 41% stake in online advertiser Carsales in October 2005.: 101  The deal, initially valued at A$100 million, was eventually worth A$462 million to Packer-controlled entities.

In March 2006, Packer began discussing whether to sell Channel Nine and the Australian Consolidated Press magazine group to help fund his move into the international gaming and tourism business. Given changes in media due to the Internet and pay-TV, Packer was concerned about the future of free-to-air television.: 140 : 150  On 17 October 2006, Packer's team finalised a deal to sell 50% of the media assets—which also included a 50% stake in web portal Ninemsn and a 51% stake in Carsales—to private equity group CVC Asia Pacific for A$4.5 billion, plus an additional A$1 billion in equity in the new company, which would be called PBL Media.: 213

In June 2007, Packer sold another 25% share of the joint-venture PBL Media to CVC for $515 million. In October 2008, Packer wrote down his final 25% stake in PBL Media to zero.: 222  By the end of 2012, debt from CVC's acquisition had overwhelmed Channel Nine and US hedge funds ousted CVC, taking complete ownership.

Packer was a director of Australian Telecommunications company One.Tel, which was declared insolvent during May 2001. The collapse of One.Tel cost PBL A$327 million. Packer admitted at a PBL annual general meeting that he had learned "painful lessons" from the collapse of One.Tel. Later at the liquidator's inquiry over the collapse he denied that he was apologising for his own conduct; instead, he claimed, "I was making an apology for accepting the bona fides of Mr. [Jodee] Rich and the executive directors of One.Tel."

In April 2014, Lachlan Murdoch and Packer agreed to a A$40 million settlement over the One.Tel failure. The settlement was approved by the Supreme Court of New South Wales on 17 April 2014, with A$14.93 million to be paid by the Packer family's Consolidated Press Holdings, A$11.77 million to be paid by Packer's Crown Resorts and A$13.3 million to be paid by News Corp.

Since his father's death, Packer has moved away from the family's traditional media businesses and focused on creating a worldwide gambling empire: Crown Resorts. Crown is one of Australia's largest gambling and resort groups. It has businesses and investments in the integrated resort and casino sectors in Australia and Macau, and wholly owns and operates a high-end casino in London, Crown Aspinall's. In October 2017, Crown's market capitalization was over $8 billion. Crown's two Australian resorts, Crown Melbourne and Crown Perth, feature over 2,750 hotel rooms, villas, gambling areas, resort pools, spas, restaurants and retail, convention centres and live entertainment venues. Every year Crown's Australian resorts and casinos attract over 31 million visits. Over one third of Crown's revenue in fiscal 2016 was estimated to be generated from international visitors, mostly from Asia. Crown announced investment of over A$4.1 billion between fiscal 2007 and fiscal 2017, to upgrade and open new attractions at its Australian resorts, including the significant development A$2 billion Crown Sydney Hotel Resort which is expected to open in 2020.

In 2009, Crown lost US$250 million in failed casino investment company in the US, Fontainebleau Resorts. Crown also paid US$242 million for a stake in Station Casinos which is now considered almost worthless.

As at 30 June 2013, Crown held a 33.7% equity interest in MCE. Crown's initial investment in Melco Crown Entertainment was US$600 million, the market cap of Crown's investment as at 30 October 2013, was US$6.2 billion. At Crown's annual meeting in October 2013 Packer said "Crown's investment through our partnership with Melco International Development has now grown to be one of the largest Australian joint-venture partnerships operating inside China". Crown completed the sell down of this investment in May 2017.

Betfair Australasia was formed as a 50/50 joint venture between Crown Resorts and Betfair Group plc. In August 2014, Crown Resorts announced it had acquired Betfair Group plc's 50% equity interest in Betfair Australasia Pty Limited (Betfair Australasia) for consideration of $10 million.

In 2011, Packer's ASX-listed Crown Limited acquired a 100% interest in Aspinall's Club in London, developed through a joint venture between Crown and Packer's family friend, Damian Aspinall, the son of John Aspinall. Crown has since rebranded Aspinall's Club to Crown Aspinall's.

Together with Damian Aspinall, Packer's Crown Resorts holds a 50% equity interest in a group of casino complexes in the UK called Aspers, which operate four regional casinos in Newcastle upon Tyne, Stratford, East London, Milton Keynes and Northampton. Packer's bid for a UK "supercasino" based in Cardiff fell through when only one licence was granted, to the northern city of Manchester.

In December 2014, Crown Resorts signed a deal with Matthew Tripp, which gave Crown Resorts control over Tripp's online betting platform, CrownBet, formerly known as BetEasy. In April 2016 CrownBet pleaded guilty to five counts of breaching laws by publishing illegal betting advertising that offered inducements for NSW residents to gamble. According to the NSW Department of Justice, CrownBet "sought to have the matters finalised without conviction in Downing Centre Local Court ..... but Magistrate Joanne Keogh said convictions were necessary for general deterrence to others in the industry and to protect the vulnerable. CrownBet was convicted of the five offences and ordered to pay a total of $10,500 in fines and also ordered to pay ... legal costs of $10,000."

On 21 March 2018, Packer resigned as executive chairman of Crown Resorts.

On 6 October 2020, Packer appeared before an independent inquiry into Crown's suitability to hold casino licence in NSW. When questioned over impropriety, illegality and corruption, Packer admitted that while a director of Crown he made “shameful” and “disgraceful” threats against businessman Ben Gray. In February 2021, the inquiry found that Crown was unsuitable to hold a casino licence due in part to Packer's threats to Ben Gray, as well as its "continued commercial relationships with junket operators who had links to Triads and other organised crime groups.” While under questioning by the inquiry, Packer revealed he has been diagnosed with bipolar disorder.

In February 2022, The Blackstone Group acquired Crown Resorts for A$8.9 billion (US$6.4 billion). Packer held 37% of Crown Resorts stock at the time of the sale. He received A$3.36 billion for his shares.

Packer purchased an 18% stake in Network Ten in 2010, quickly offloading half to Lachlan Murdoch. Three months later, after a dispute with Murdoch over a senior management appointment, Packer resigned his Network Ten board seat. There was also speculation that he resigned due to a conflict of interest with his interests in Consolidated Media Holdings. Following the implementation of CBS's restructure of Network Ten announced in August 2017, Packer will no longer have an interest in Network Ten.

In late May 2011, Packer made a reported A$80 million investment in daily deals sites Scoopon and Catch of the Day through a partnership between his Consolidated Press Holding and several other investors, including Andrew Bassat, a co-founder of Seek.com.au.

In December 2012, Packer and producer-filmmaker Brett Ratner formed a joint venture, RatPac Entertainment. The first film financed by RatPac was a major success. Gravity, a space thriller directed by Alfonso Cuaron and starring Sandra Bullock and George Clooney, generated the strongest-ever October opening in the US and took box office receipts of more than US$100 million in its first five days.

"We all know it [producing movies] is a high-risk business and when your first movie starts like this all you can say is 'thank you'", Packer said. Packer sold his investment in RatPac for an undisclosed amount in April 2017. According to Filmink "Who knows what sort of legacy James Packer is going to leave when he shuffles off this mortal coil, but I maintain the films he helped finance...will stand out among the more positive achievements."

In October 2014, Packer bought out Peter Holmes à Court's 37.5% share of the ownership of South Sydney Rabbitohs NRL club, becoming Russell Crowe's partner in the Blackcourt League Investments Pty Limited venture.

In late 2016, Israeli Police started looking into reports that Packer gave members of Prime Minister Benjamin Netanyahu's family gifts and benefits. Packer, who is trying to gain residency in Israel, has taken the first step and registered with Israeli tax authorities. In February 2018, Packer was mentioned in an Israeli Police report recommending the prosecution of Netanyahu on corruption charges for accepting bribes, and acting against the interests of the state of Israel. Packer is mentioned in the report to have provided Netanyahu and his family members with champagne, cigars, jewelry and clothing valued at approximately US$100,000. In May 2019, Packer sold half of his stake in Crown Resorts to Lawrence Ho.

Source

Crown Casino Melbourne 'suitable' for licence after two-year probation period for 'illegal, dishonest' conduct ends

www.dailymail.co.uk, March 26, 2024
Gaming giant Crown (left) has changed its ways enough after a series of scandals to keep operating its Melbourne casino, according to a watchdog. The Victorian Gambling and Casino Control Commission on Tuesday announced it was satisfied Crown is suitable to continue holding a casino licence. This is despite a Victorian royal commission fnding in 2021 that Crown's conduct was "illegal, dishonest, unethical and exploitative" but stopping short of suggesting the government strip its casino licence (right).

Shannon Bennett, a celebrity chef, breaks his silence on his latest affair with Erica Packer, saying it has been a "fun and exciting journey": "I'm a lucky man."

www.dailymail.co.uk, March 25, 2024
Shannon Bennett, the celebrity chef, has opened up about his latest affair with Erica, James Packer's glamorous ex-girlfriend. The 48-year-old gushed over his new love, saying it's been a 'fun and wonderful journey.' 'Erica is fabulous,' Shannon told the Herald Sun, 'Erica is fantastic.'

In James Packer's bathroom, I was powdering my nose and admiring myself in the mirror. 'You've made it honey,' I said.' That's when it all began to unravel

www.dailymail.co.uk, March 21, 2024
When she was 32 years old, Jo Wagstaff was invited to work with the Packer-controlled Challenger Financial Services Group, one of Australia's 200 largest companies. She had come to the top of the male-dominated financial services industry before her world camecrashing in Packer's bathroom. Wagstaff (left), a worldwide leadership coach, mentor, and mindfulness speaker, discusses how her old life unfolds in her latest book Lead Like You. The Mediterranean is cruising at the correct time by the packer.

Mariah Carey claims that James Packer, the ex-Fiancé, had NO idea of SEX

perezhilton.com, October 5, 2020
Mariah Carey's latest book The Meaning of Mariah Carey was eager to spill the beans on several of her personal matters, with one notable exception. Ex-fiancé James Packer didn't have the ink to spare, but she didn't have the ink to spare. Was it too private?Too close to her heart?Not exactly…

Tacky! Mariah Carey 'Quietly' Sold The 35-carat Diamond Engagement Ring James Packer Gave Her Two Years Ago

perezhilton.com, May 27, 2018
Tacky, tacky, tacky! Mariah Carey reportedly lifted and sold the 35-carat diamond engagement ring that had been gifted to her two years ago by one-time fianc's James Packer. Related: So Much Legal Drama Recently For Mariah! This is all coming out today in media reports that claim the singer had one of her business managers "quietly" sell the ring to a Los Angeles jeweler. One source said of the alleged transaction (below): A confidentiality deal was signed, but the jeweler is now selling it, and there is only one such ring." Mariah Carey's public relations team is working to keep the story from the news in the press, and they have threatened the jeweler if she discloses her name.

Ex James Packer of Mariah Carey speaks out against their broken marriage, receiving the Romance of a 'Mistake'!

perezhilton.com, October 20, 2017
James Packer has broken his silence! The Australian businessman has finally spoken out about their broken engagement a year after his turbulent split with Mariah Carey. Though the 50-year-old didn't comment on the situation, he did have some general things to say about MiMi. Related: Mariah’s Los Angeles Home Robbed Of $50K Worth Of Stuff Packer shared with the Weekend Australian: "I was at a low point in my personal life." She was both exciting and amusing. Mariah is a woman of substance. But it was a mistake for her and a mistake for me."