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James Packer retreats from China with sell-off of Crown’s overseas casinos

Crown Resorts, which is controlled by Packer, announced on Thursday that it has dumped plans to spin off his international assets and has halved his stake in the venture’s troublesome Chinese business," Martin Farrer reports. In October, 18 Crown employees were detained in China, where gambling is illegal.
9 months ago
Lucas Niewenhuis
By Lucas Niewenhuis
Lucas Niewenhuis is an associate editor at SupChina who helps curate daily news and produce the company's newsletter, app, and website content. Previously, Lucas researched China-Africa relations at the Social Science Research Council and interned at the Council on Foreign Relations in New York. He has studied Chinese language and culture in Shanghai and Beijing, and is a graduate of the University of Michigan.
China in 2 minutes a day
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