Packer plans to focus on development projects in Sydney,Melbourne and Las Vegas as casino group struggles with falling revenues from MacauThe Australian billionaire James Packer has quit the board of Crown Resorts Ltd, four months after stepping down as chairman, and as the casino group grapples with falling revenues in the Asian gambling hub of Macau.
In a statement on Monday,Packer, who owns 53% of the A$9bn company, and did not give a reason for stepping down but said he planned to devote his energy to development projects in Sydney,Melbourne and Las Vegas.
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Source: theguardian.com