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James Packer's sale of Crown Resorts shares on hold amid inquiry into casino group

Melco Resorts’ plans paused while gambling authority conducts hearings in response to allegations of Crown’s links to money-laundering operations

Hong Kong billionaire Lawrence Ho has put the purchase of shares in Crown Resorts from James Packer on ice as a key gambling authority prepares to conduct public hearings into the casino group.

In May, Ho’s Melco Resorts group agreed to pay Packer’s private company, Consolidated Press Holdings (CPH), $1.75bn for almost 20% of Crown.

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from World news | The Guardian https://ift.tt/32cmTF2
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