Smooth sailing! Billionaire businessman James Packer has been spotted on board his luxury yacht with friends in Mexico for weeks
James Packer has come out of the lockdown, with the businessman recently spotted on a luxury yacht with friends in Cabo San Lucas, Mexico.
The 52-year-old billionaire seemed to make the most of his outing and was spotted strolling along the deck.
The large boat, which towered next to adjacent apartment buildings, was not missing.
Back to work: James Packer (photo far right) has come out of the lockdown, with the businessman recently spotted on his luxury yacht with friends in Cabo San Lucas, Mexico
James was casually dressed in a navy blue shirt, which he paired with dark pants and sunglasses.
He seemed happy and relaxed after months of being trapped amid the coronavirus pandemic.
It has been a rollercoaster for the renowned investor for a few years, tackling his share of setbacks in both his career and personal life.
On Tuesday, it was revealed that its new $ 2.4 billion Crown casino in Sydney will have no bet whatsoever after a rival casino breached exclusive rights on Friday.
The Harbor City’s other casino, The Star, entered into an agreement with the government of the state of New South Wales for the exclusive right to exploit the income spinners for the next 21 years.
Crown had been lobbying for years to lift a pokie ban on his Barangaroo site, but failed to do so, raising The Star’s stock price by more than four percent on Monday.
The coronavirus pandemic has also disrupted Crown’s plan to confuse Chinese billionaires.
Crown Resorts, which operates casinos in Melbourne, Perth and London, originally intended the Sydney facility to focus primarily on international VIPs.
In January, however, the Morrison government banned visitors to mainland China because of the growing coronavirus pandemic.
In April, Hong Kong gaming magnate Lawrence Ho’s Melco Resorts ended its joint venture with Crown by selling its 10% stake in the company, further harming Crown’s ability to bring in wealthy Chinese gamblers.
Construction of the Crown casino in Barangaroo is nearing completion and the $ 2 billion building – the tallest in Sydney – is due to be completed by the end of 2020.
The venue opens in February with 120 gaming tables and members are only allowed to place bets of at least $ 20 to $ 30.