{"id":8816,"date":"2012-05-02T20:00:41","date_gmt":"2012-05-02T20:00:41","guid":{"rendered":"http:\/\/www.gaming-awards.com\/NEWS\/?p=8816"},"modified":"2012-05-02T20:00:41","modified_gmt":"2012-05-02T20:00:41","slug":"packers-10billion-gaming-giant","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/packers-10billion-gaming-giant\/","title":{"rendered":"Packer\u2019s $10billion gaming giant"},"content":{"rendered":"<p><a href=\"https:\/\/gaming-awards.com\/NEWS\/archives\/6991\/casinos-market-to-reach-us\" rel=\"attachment wp-att-6992\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-thumbnail wp-image-6992\" title=\"Casinos Market to Reach US\" src=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2012\/03\/Casinos-Market-to-Reach-US-150x150.jpg\" alt=\"\" width=\"150\" height=\"150\" \/><\/a>JAMES Packer is reportedly looking to sell his 25 per cent stake in Foxtel for a $1 billion with the likely buyer News Corp, the Herald Sun says. Reports emerging from media outlets in Australia speculate that Packer wants the cash to pursue a full merger of his Crown Casino in Melbourne and Sydney&#8217;s Star Casino to create a $10 billion gaming giant.<\/p>\n<p>News Corporation, publisher of this newspaper, is the most likely buyer. It is believed News will get first right to buy. If this sale goes ahead, the Packer family won\u2019t have any media interests in Australia.\u00a0 The aftermath will apparently be be felt in political circles following the parliamentary select committee in the UK which has ruled that News chairman Rupert Murdoch is not a fit person to run a major international company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JAMES Packer is reportedly looking to sell his 25 per cent stake in Foxtel for a $1 billion with the likely buyer News Corp, the Herald Sun says. Reports emerging from media outlets in Australia speculate that Packer wants the cash to pursue a full merger of his Crown Casino in Melbourne and Sydney&#8217;s Star Casino to create a $10 billion gaming giant.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[43,17,23],"class_list":["post-8816","post","type-post","status-publish","format-standard","hentry","category-gaming","tag-casino","tag-gambling","tag-gaming-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Packer\u2019s $10billion gaming giant  - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/packers-10billion-gaming-giant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Packer\u2019s $10billion gaming giant  - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"JAMES Packer is reportedly looking to sell his 25 per cent stake in Foxtel for a $1 billion with the likely buyer News Corp, the Herald Sun says. 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