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Arrests over alleged gambling crimes rock the Packer empire.
A raid in China alleging gambling crimes has tarnished James Packer's Crown. Eighteen employees from Crown Group which include three Australians, have been detained in China after a recent corruption crackdown. Investor reaction was swift with half a billion dollars wiped off Crown's value and questions raised over the high roller strategy for the Barangaroo casino.
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By [email protected] (ABC News)A raid in China alleging gambling crimes has tarnished James Packer's Crown. Eighteen employees from Crown Group which include three Australians, have been detained in China after a recent corruption crackdown. Investor reaction was swift with half a billion dollars wiped off Crown's value and questions raised over the high roller strategy for the Barangaroo casino.