Australian casino billionaire James Packer agrees he sent ‘shameful’ email threats

In this news, we discuss the Australian casino billionaire James Packer agrees he sent ‘shameful’ email threats.

SYDNEY (Reuters) – Australian casino billionaire James Packer admitted on Tuesday that he sent threatening emails in 2015 to an anonymous person he was working with on the privatization of Crown Resorts Ltd CWN.AX while he was a director of the company that ‘he created.

During questioning by a government inquiry, Packer blamed his “state of health” for threats which he said were “shameful” and “shameful.” Packer, who on Tuesday confirmed he has bipolar disorder after previously revealing he has mental health issues, said he should have told shareholders about his personal issues instead of keeping them a secret.

“I think my health was what it reflected the most,” Packer said of the emails to the person. Packer, who left the Crown board weeks later without disclosing any medical problems, is no longer with the company but retains 37% of Crown, a stake of A $ 2.2 billion (1, $ 57 billion).

One of Australia’s richest people, Packer avoids public attention beyond opportunities for staged photos or prepared statements. Packer testified by videoconference in a jacket and tie from an undisclosed location reported by Australian media as being aboard a yacht in the South Pacific.

The government investigation comes as the New South Wales state casino regulator examines whether Crown should be allowed to continue with its plan to run a 75-story, A $ 2.2 billion casino tower (1 , $ 6 billion) in Sydney, a few months before its scheduled opening.

The risk of the company losing its license increased last year following reports in the media, denied by the company, that Crown hired tour operators linked to organized crime to bring in wealthy foreign players, in large part. from China. [nL4N24V1F6]

Packer denied knowing that Crown staff set up informal offices in residential areas of Guangzhou, China, where gambling advertising is illegal, to avoid detection. In 2016, 16 Crown personnel were jailed in China for violating anti-gambling laws. [D-REUTERSNEWS-T004/Ie4b85a305a2b11e79b7692983d739d5a]

“I believe Crown received legal advice that said what they were doing was legal,” Packer said. “It’s a failure to comply. A major failure. “

When asked if he agreed that his actions in sending the emails to the anonymous person constituted disgraceful conduct on the part of a company director, Packer replied, “Yes.” When asked if his actions were “shameful”, he replied “Yes”.

The regulator should nevertheless accept Packer as a person of integrity “because I am being treated now for my bipolar (state), because I was ill at the time,” he said.

Packer continues to testify on Wednesday.

(1 USD = 1.3980 Australian dollar)

Reporting by Byron Kaye; Edited by Kenneth Maxwell

Original © Thomson Reuters

Originally posted 2020-10-06 01:26:10.

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