Barangaroo could be the world's tallest white elephant
What if the bet on Barangaroo plays out badly for James Packer?
Elizabeth Knight comments on companies, markets and the economy.
What if the bet on Barangaroo plays out badly for James Packer?
Police are preparing to charge the 18 Crown Resorts employees arrested across China, including three Australians, with organising gambling activities for mainland nationals overseas, Fairfax Media has learned.
Billionaire James Packer has expressed concern for Crown Resortsemployees detained in China.
Government raids on Crown Resorts' offices in China have sent the company's share price plummeting on Monday, cutting billionaire James Packer's paper wealth by about half a billion dollars.
The Chinese Government appears to be looking for a showdown with Australian billionaire James Packer. His gaming empire, Crown Resorts, is reeling in response to the massive raids on its Chinese operations and the detention of 18 staff.
Before we all get too excited about an emerging commodities boom Mark 2 - be aware that the smart money is already calling it over.
For Gina Rinehart it certainly pays to be Australian - and a rich one with impeccable government connections.
It felt surreal listening to Nick Abboud, the former head of collapsed retailer Dick Smith, at his final day testimony.
For spectators this was 17 hours of their life they will never get back.
Politicians haven't, and likely won't, extract meaningful concessions from the bank bosses.
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