James Packer & # 39; s $ 200 million giga yacht is finally ready to sail – years late and $ 50 million above budget
The Crown of James Packer: the $ 200 million giga yacht from Casino tycoon is FINALLY ready to go – years late and $ 50 million above budget
- The yacht of the casino mogul has had to deal with a number of setbacks to take to the water
- It had a starting budget of $ 150 million, but has risen to more than $ 200 million
- The 108-meter ship is finally ready and James Packer is expected to board soon
- The floating mansion will become its new home away from the mainland
Casino tycoon James Packer & # 39; s $ 200 million & # 39; giga-hunt & # 39; is finally ready to leave after having taken four years to build and exceed the $ 50 million budget.
The Australian billionaire was confronted with a number of setbacks in getting the 108-meter-long Italian ship on the water, but it is now ready to leave.
The yacht was made by luxury shipbuilding company Benetti and is called IJE after the children of Mr Packer – Indigo, Jackson and Emmanuelle.
Casino tycoon James Packer & # 39; s $ 200 million super yacht (photo) is finally ready to sail after having taken four years to build and exceed the $ 50 million budget
Awaiting the completion of the boat, Mr. Packer had sailed around the Mediterranean on a $ 40 million yacht named Mischief with girlfriend Kylie Lim (photo)
The ship – IJE named after Packer's children Indigo, Jackson and Emmanuelle – was made by luxury shipbuilding company Benetti
IJE had an original budget of $ 150 million, but that amounted to a final bill of around $ 200 million, The Daily Telegraph reported.
The building process of the yacht was followed by Mr. Packer's old friend Matthew & # 39; Ched & # 39; Csidei until the couple dropped out and in 2017 Mr Csidei left the private investment company CPH of the billionaire.
After the fall-out, the budget increased while the ship was at Benetti's shipyard.
The luxury yacht has been in the water off the coast of Tuscany since then and it seems that Mr Packer will be leaving in the coming weeks.
The floating mansion becomes Mr. Packer's private home by the sea while away from his properties in Los Angeles, Aspen, Argentina and Sydney.
The yacht, the largest private ship of its kind made by Benetti, will have a top speed of 18.5 knots and a cruising speed of 16 knots.
The yacht will be spread over five decks, with a cinema, sauna, fitness room, heated swimming pool and an observation deck.
There is more than 1000m² of outside deck space and it is equipped with a fire pit and a private dining area.
The ship was made by luxury shipbuilding company Benetti and has the name IJE, which had an original budget of $ 150 million but amounted to a final settlement of around $ 200 million
The couple was seen earlier this month during a romantic trip to Capri, enjoying a beloved vacation
While he waited for the boat to finish, Mr. Packer had sailed around the Mediterranean on a $ 40 million yacht named Mischief with girlfriend Kylie Lim.
The couple was seen earlier this month during a romantic trip to Capri, enjoying a beloved vacation.
The 52-meter charter ship is owned by fellow business magnate and high school mate Ian Malouf, who sold his Dial-A-Dump business earlier this year for a cool $ 578 million.
At the end of May, Mr. Packer sold nearly half of his stake in Crown Resorts for $ 1.76 billion to a Macau-based entertainment company of a former business partner.
Consolidated Press Holdings, Mr. Packer's private investment company, sold 19.99 percent of its shareholding in Crown Resorts to Melco Resorts and Entertainment, which is led by Hong Kong casino mogul and its former partner Lawrence Ho.
It was sold for a total purchase price of $ 1.76 billion, equivalent to $ 13 per share.
Once the stock sale is complete, CPH owns approximately 26 percent of Crown, worth around $ 2.3 billion, and remains represented on the Crown board.
The luxury yacht has been on the water off the coast of Tuscany since then and it seems that Mr Packer will be leaving in the coming weeks (in the photo with girlfriend Kylie Lim)
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