Other investments include film studios and Australian casinos. The Australian’s net worth from a vast empire of television, newspaper and magazine holdings is put by Forbes at $3.8 billion, making his recent loss, in his terms at least, practically pocket change.Īlong with his Sydney-based private flagship, Consolidated Press Holdings Ltd., Packer and his family control about 45% of Publishing and Broadcasting Ltd., which owns Australia’s largest commercial television station, Channel Nine. Then there’s the prodigious amount he can afford to lose. “If it’s enough, say $300,000, he’ll stop and try to clean them out,” said the former executive, who spoke on the condition of anonymity, citing his relationship with Packer. Occasionally, he even telephones Australian casinos when he’s flying overhead, inquiring how much money they have in the cashier’s cage. “If there’s a football game on, he’ll ask, ‘Would you let me bet $1 million on the game?’ It’s just mad money to him.” If he gets ahead, he’s out the door before the house has a chance to recover.Ī tall, heavy-set man with a bullying style, Packer also enjoys “putting a little fear” into the casinos, said a former casino executive who knows him well. He gambles for short stints, a few hours at a time, making him even more threatening to a casino’s bottom line. “He’s a very dangerous player, perhaps the most aggressive table games player in the world,” said Max Rubin, a Las Vegas author, gambling company consultant and onetime dealer who has watched Packer play. ![]() He likes baccarat and blackjack, and he plays hard and extremely fast, betting up to $250,000 a hand, several hands at a time. ![]() ![]() Considered the highest of the Strip’s top high rollers-or “whales”-Packer is a formidable gambler, both feared and sought by the casinos he frequents.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |