Posts filed under 'Australia'
29-May-07. Australia’s TV king aims to abdicate. National Post, FP1.
James Packer, Australian owner of Packer’s Publishing & Broadcasting Ltd., will give up control over the country’s largest television network. He plans to focus instead on his international gaming business, including recent developments in Macau and Las Vegas. The network will be sold for somewhere between A$400- and A$500-million.
Add comment May 30, 2007
5-Apr-07. Australian high roller tries his luck in Canada. National Post, FP1.
New World Gaming Partners Ltd., a joint venture between James Packer’s Publishing and Broadcasting Ltd. and Australia’s Macquarie Bank, yesterday offered to buy Gateway Casinos Income Fund for $800-million. Gateway has seven casinos in British Columbia and Alberta and provincial regulators in those provinces will both have to approve the deal.
Add comment April 12, 2007
5-Apr-07. Australian group gambles on Gateway. Globe and Mail, B3.
An Australian consortium is buying Gateway Casinos Income Fund for $800-million. The partnership, which has been named New World Gaming Partners Ltd. will also but related private development and operating businesses, with a combined enterprise value of $1.37-billion. New World will be picking up nine Canadian casinos.
Add comment April 12, 2007
28-Dec-05. Kerry Packer, media baron and gambler 1937-2005. Globe and Mail, S7.
Australia’s richest man and celebrated gambler Kerry Packer has died. Mr. Packer was an avid baccarat player and his love of gambling inspired him to buy the Crown Casino complex in Melbourne, Australia.
Add comment January 4, 2006
