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US Wynn’s takeover bid for Crown Resorts

America’s casino giant Wynn Resorts is expected to make a $10 billion takeover bid for James Packer’s Crown Resorts.

Crown Resorts has casino’s in Melbourne and Perth and is building a new harbourside casino in Sydney.

Portfolio Manager at Wilson Asset Management John Ayoub tells Ross Greenwood it could be beneficial for Mr Packer.

“James has always had an interest in getting involved in the US casino market.”

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Author of The price of fortune: The untold story of being James Packer Damon Kitney discusses with Ross Greenwood the impact of the deal on Mr Packer.

“There will be some relief that he can step back… the public spotlight has taken its toll on James Packer.”

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