[Russian Rocket]

Australian mogul James Packer's Crown Resorts has paid Aus$280 million (US$260 million) for a prime site on Las Vegas Boulevard in a bid to crack the American casino market, the company said Monday.

The billionaire, who runs Crown -- a worldwide gambling empire -- has teamed up with former Wynn Las Vegas president Andrew Pascal in a joint venture, backed by Oaktree Capital Management.
The new resort company, which is majority-owned by Crown, has bought a controlling interest in a 34.6-acre vacant site on the world-famous gambling strip formerly occupied by the New Frontier casino.
"You can't be in the gaming industry and not have a special reverence for Las Vegas -- that's where it all began," said Packer, who is co-chairman of the new venture.
"As we have built Crown Resorts into a thriving international company with successful casino ventures in Australia, Macau, and London, we've always kept our eye on Las Vegas.
"And while we fell short in past attempts to enter that market, we now have the ideal opportunity with a great local partner in Andrew, a leading financial investor in Oaktree, and the perfect piece of property."

The new resort company hopes to start development in late 2015 and complete the project in 2018.
"For over 25 years, I've studied the ever shifting Las Vegas landscape," said Pascal, the other co-chairman.
"I've always been inspired by this city's capacity for reinvention. I'm excited to have my hand in crafting something new and fresh for the resurgent Las Vegas market."
Packer, the son of late media baron Kerry Packer, is one of Australia's wealthiest people, with a personal fortune estimated at Aus$7.2 billion.
As well as casinos in Melbourne, Perth, Macau and London, he is also planning one in Sydney and has his eye on the Japanese market.

[Vegas39]

Pascal knows his stuff, also founder of wager woks

[Russian Rocket]

Pascal knows his stuff, also founder of wager woks

I wanna see some Russian oligarchs starting to make a dent in Vegas

[Vegas39]

I wanna see some Russian oligarchs starting to make a dent in Vegas

more variety and ideas the better

[minet123]

The Vegemite Syndicate

[Optional]

Jamie Packer is the wimpy son of an over bearing billionaire father who learned to be a tyrant from his own megalomaniac millionaire father.

He owned a part of a company I worked for years ago. He was a sad simpering wimp before his father died.

His last venture into Vegas involved paying inflated sums for off strip properties that the entire world told him would never make money.

"James"... LOL he'll always be Jamie to me.

I'll bet anyone dollars to donuts that his Bangaroo high rollers only casino in Sydney will be yet another huge failure. Like many things this big dopey buffoon touches.

[Vegas39]

Jamie Packer is the wimpy son of an over bearing billionaire father who learned to be a tyrant from his own megalomaniac millionaire father.

He owned a part of a company I worked for years ago. He was a sad simpering wimp before his father died.

His last venture into Vegas involved paying inflated sums for off strip properties that the entire world told him would never make money.

"James"... LOL he'll always be Jamie to me.

I'll bet anyone dollars to donuts that his Bangaroo high rollers only casino in Sydney will be yet another huge failure. Like many things this big dopey buffoon touches.

how do you really feel

[Russian Rocket]

Excellent insider info from Opti

[James D]

Kerry Packer had been a vegas whale forever. They built him a MONSTER house on the property at the Rio years ago. At MGM he talked to a waitress once and she mentioned he recently bought a house and he paid her mortgage. Packer used to cause all kinds of tension between the waitresses because they all fought to bring him drinks, wouldn't go on breaks, relief girls would get mad etc etc.

[Optional]

how do you really feel

This is another business he was heavily invovled in with the son of Rupert Murdoch around the time I met him. http://en.wikipedia.org/wiki/One.Tel



Here he is getting his ass kicked by the head of a TV network down here who is 100lbs lighter and a foot shorter about 2 months ago.

http://www.dailytelegraph.com.au/new...-1226912911330

Jamie had rung the guy to bitch about a TV news van being parked in his street (outside the home of a newscrew guy) and the other guy turned up to discuss his rude phone call in person.

[Russian Rocket]

[Vegas39]

oh shit