Monday, July 8, 2013

Packer eyes halo effect from Sydney casino, not profits - The Australian


TO James Packer, success for his $1.5 billion Crown Sydney casino-hotel development will not be measured as investors measure it. And for a man who is known for his passion for numbers, that could be seen as a surprising concession.


Last week the NSW government, advised by a committee headed by former Future Fund chairman David Murray, preferred Crown's Barangaroo development plans to Echo's $1.1bn redevelopment of The Star casino at Pyrmont.



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