Casino titan says Las Vegas court ruling could scare away foreign investors
28 November 2012
Australian billionaire James Packer and his casino company say they got a raw deal from a Las Vegas judge and they want the Nevada Supreme Court to make things right. Packer and his company Crown Ltd. are also complaining that the judge's recent ruling against them involving a Las Vegas investment is so egregious that it could deter other foreigners from investing in Nevada. The ruling involves the stalled $2.9 billion Fontainebleau casino resort on the Las Vegas Strip. Crown is already smarting from the loss of its entire $279 million minority investment in Fontainebleau Las Vegas. The problems for ...
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