James Packer's Crown Resorts to divide off worldwide casino business
James Packer's Crown Resorts will split its worldwide business into a brand-new noted automobile and explore a potential IPO of a property trust that would include all of the company's Australian hotels, except Crown Towers in Melbourne.
Mr. Packer will no longer be used as an executive of Crown Resorts under the proposal, but will continue as the deputy chair of casino siteleri Macau-focused Melco Crown.