Gamble with Kerry Packer There are legends of Packer's gambling binges from winning enough money to almost bankrupt a casino and cause their share price.
Kerry Francis Bullmore Packer AC (17 December – 26 December ) was an Further, his principal Australian investments in television and casinos were highly protected from competition by government regulation which Packer and.
Kerry Francis Bullmore Packer AC (17 December – 26 December ) was an Further, his principal Australian investments in television and casinos were highly protected from competition by government regulation which Packer and.
Kerry Francis Bullmore Packer AC (17 December – 26 December ) was an Further, his principal Australian investments in television and casinos were highly protected from competition by government regulation which Packer and.
Kerry Packer - Full Version - House of Reps Select Committee on Print Media (4/11/91)
David Fickling, Bloomberg, When the casino opens, it will be like a visit from Kerry Packer. Both grew during his stewardship. Well, according to the story Packer was there for a little friendly game of poker with some like-minded people. Packer is said to have bankrupted a casino in London and several times he affected the overall revenue figures for Nevada with his wins and losses. Simon Davis, 31 Aug My favorite Kerry Packer story comes from the Stratosphere. His family made its money in publishing and broadcasting. He has lost money in Las Vegas, not won. Australian billionaire James Packer said he has acquired controlling interest in a nearly acre Strip land parcel and will form a company to build a hotel-casino on the site with former Wynn Las Vegas President Andrew Pascal and investment firm Oaktree Capital Management. James Packer is not the kind of gambler his father was, but a gambler he is and Las Vegas will be as pleased to have him in town as it was when his father came town. For years, Kerry stayed at home in Australia and played the ponies. The wins and losses had a bigger impact on the casinos than on Packer. James is a good businessman. Kerry inherited the family business and a fortune. It is said he sometimes lost a great deal of money, but he never went broke; the same could not be said for the people who booked his bets. He has grown the family fortune just as his father had done. The stories are always a bit over the top, but wherever he gambled people knew he had been in town. Packer is said to have made the largest wagers ever made. Packer was a highly regarded and respected business man and he had a true passion for gambling and in the world of gambling he was a legend. In the s, he spread his bets around — particularly in London and Las Vegas. Mathew Benns, Daily Telegraph, {/INSERTKEYS}{/PARAGRAPH} Las Vegas is the one exception in a string of successes he has enjoyed in the casino industry. His company has casinos in Australia, London, Macau and is expanding into other jurisdictions. James is not the gambler his father was, but I suspect by now he has made a lot more money from gambling than his father did. A Texan in the game was a little annoyed that Packer failed to acknowledge him. {PARAGRAPH}{INSERTKEYS}Kerry Francis Bullmore Packer was the richest man in Australia when he died. James will likely make a splash just as his father did and this time around, I am betting on James Packer. Twice he invested in Las Vegas casinos and twice he lost.