Latest News

Back to Latest News back

 

James Packer resigns from Crown Resorts citing mental health reasons

James Packer resigns from Crown Resorts citing mental health reasons
March 21, 2018

Billionaire James Packer has resigned as a Director of the Crown Resorts casino and hospitaltiy group for reported mental health reasons.

A spokesperson from Consolidated Press Holdings, another of Packer's companies, today confirmed that he is "suffering from mental health issues," adding "at this time he intends to step back from all commitments."

Crown's Executive Chairman John Alexander said in a statement that "we have appreciated James' contribution to the board and respect his decision to step down from his role as director at this time."

Earlier this month, Packer sold more than $100 million worth of his shares in Crown Resorts, which owns the Crown casinos in Melbourne and Perth.

However, he remains the major shareholder of Crown, with a 47% stake worth more than $4 billion.

Packer previously resigned as a Director of the company in December 2015 to focus on development projects in Melbourne and Las Vegas.

This was in addition to him overseeing the development of the newest Crown casino at Barangaroo, Sydney - which is currently under construction.

Packer rejoined the board in January 2017, several months after staff from Crown's sales and marketing team were arrested in China.

His personal life has been in the spotlight in recent years - from his public break-up with American singer Mariah Carey, to being questioned by police as part of an investigation into the alleged corruption of Israel's Prime Minister Benjamin Netanyahu.

Crown is currently facing potential disciplinary action from the Victorian Commission for Gambling and Liquor Regulation, which could result in its casino licence being suspended.

This was after the Commission investigated claims from whistleblowers that Crown restricted punters' options by removing buttons on several of its poker machines.

9th October 2017 - AFFORDABLE LUXURY AT REFURBISHED SYDNEY CBD FITNESS CLUB 

26th June 2017 - CHINA JAILS AUSTRALIAN CROWN RESORTS STAFF FOR PROMOTING GAMBLING 

4th October 2016 - GAMBLING REVENUE DIPS AT CROWN PERTH AS VISITOR NUMBERS FALL

3rd April 2015 - PERISHER SKI RESORT SOLD TO US COMPANY VAIL RESORTS

5th July 2013 - NSW GOVERNMENT APPROVES PACKER PLAN FOR SECOND SYDNEY CASINO

27th May 2013 - CROWN CASINO TO SHED 50 JOBS IN MELBOURNE

26th February 2012 - NSW PREMIER BACKS SECOND SYDNEY CASINO 


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

 

MYZONE

Myzone is the industry’s leading wearable technology solution. Myzone’s wearable products show and reward effort when you work out. It displays accurate real-time heart rate, calories, and…

read more

Fitness / Sport / Technology / Wellness

 
 

GUNNEBO

Gunnebo is a global provider of security and access control solutions and services with sales companies in 31 countries in Europe, the Middle East, Africa, Asia, the Americas and Australia.…

read more

Attractions / Entertainment / Security / Ticketing / Venues

 
 

HRMWEB

At easyemployer we've come up with a software solution that manages one of your most important, and often most costly, business resources - your staff. We are helping 100s of clients to…

read more

Finance / Fitness / Technology

 
 

Fun Wheels Pty Ltd

Fun Wheels Pty Ltd are the premium dealer in Australasia for the Dutch company BERG’s commercial and domestic products. Our flagship product is their revolutionary pedal go-kart – the…

read more

Attractions / Tourism / Venues

 
 

NOVOFIT

NovoFit is an exciting and dynamic new company born from two of Australia’s leading commercial fitness equipment suppliers. NovoFit combines over 45 years of industry expertise, delivering state…

read more

Fitness / Recreation / Sport / Technology / Wellness

 
 
 

SWIMPLEX AQUATICS

Swimplex Aquatics are a world-class company dedicated to the commercial pool, waterslide industry. We are Australian market leaders servicing all states Australia wide. Swimplex provide a full…

read more

Aquatics / Attractions / Design / Play / Waterparks

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business