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Packer Eyes Asia For Casino Expansions

TOKYO (CelebrityAccess MediaWire) — Australian media/casino mogul James Packer is reportedly considering Tokyo for a new $US5 billion casino complex that will open in time for the 2020 Tokyo Olympics.

According to the Australian, Packer is also in talks with the South Korean and Vietnamese governments over additional casino ventures. Further talks over a similar project in Sri Lanka are expected to be completed later this year.

"There's been this moment in time where the Olympics has crystallised thinking around what's the best way to capitalise on Japan being on the world stage and really driving the next stage of growth that the Abe government is looking to do to reinvigorate the Japanese economy," Todd Nisbet a senior official for Packer's Asian gaming joint-venture Melco Crown told the Australian.

Packer inherited Consolidated Press Holdings Limited, which owns a variety of media ventures in Australia, however, in recent years, he has turned his attention to the resort and gaming world, creating Crown Resorts, one of Australia’s largest entertainment and resort groups with holdings in Australia and Macau. – Staff Writers