Packer Resigns as Director for Mental Health Reasons

[Black Orchid]

Billionaire James Packer has resigned as a director of Crown Resorts for mental health reasons.

He is "suffering from mental health issues," a spokesperson from Consolidated Press Holdings, another of Mr Packer's companies, confirmed

Crown's executive chairman John Alexander said in a statement: "We have appreciated James' contribution to the board and respect his decision to step down from his role as director at this time."

Earlier this month, Mr Packer sold more than $100 million worth of his shares in Crown Resorts, which owns the Crown casinos in Melbourne and Perth.

He remains the major shareholder of Crown, with a 47 per cent stake worth more than $4 billion

It is the second time that Mr Packer had left the company's board.

He previously resigned as a director in December 2015 to focus on development projects in Melbourne and Las Vegas.

This was in addition to him overseeing the development of the newest Crown casino at Barangaroo, Sydney — which is currently under construction.

Mr Packer rejoined the board in January 2017, several months after staff from Crown's sales and marketing team were arrested in China.

His personal life has been in the spotlight in recent years — from his public break-up with American singer Mariah Carey, to being questioned by police as part of an investigation into the alleged corruption of Israel's Prime Minister Benjamin Netanyahu.

On top of that, Crown is facing potential disciplinary action from the Victorian Commission for Gambling and Liquor Regulation, which could result in its casino licence being suspended.

This was after the commission investigated claims from whistleblowers that Crown restricted punters' options by removing buttons on several of its poker machines.

Crown Resorts experienced a knee-jerk reaction to Mr Packer's resignation, with its share price dropping by 1.7 per cent in the first few minutes of ASX trading.

http://www.abc.net.au/news/2018-03-21/j ... ts/9570344

I think that too much money can be a bigger curse and hardship than not enough.

[The Mechanic]

if money is the problem then I can relieve him some of that stress then...

hopefully he comes out ok..

it was probably that Maria that tipped him over the edge..

what a rotten mole..

[Black Orchid]

She seemed to want him for what he had and his status rather than wanting him as he is inside. I know that's harsh and we don't know what goes on behind closed doors but that is the way it seemed.

[Neferti]

He looks like he has been bingeing on food and alcohol since Mariah left him.

[Gordon]

He looks like he has been bingeing on food and alcohol since Mariah left him.

Once you go black.......

[sprintcyclist]

not a good midlife crisis .
I guess none are good.

His father passing away, him always in the media.
Awful life.

[Black Orchid]

He just looks terribly unhappy to me.

[sprintcyclist]

Maybe he should play bridge?

[Black Orchid]

LOLOL maybe he should?

[Neferti]

not a good midlife crisis .
I guess none are good.

His father passing away, him always in the media.
Awful life.

How many billions did Kerry Packer leave? Compare James Packer to another Aussie recipient of billions from HER Dad, Gina. Gina has used her billions with her BRAIN, James has used his billions with his genitals and gambling habit.

Children should NOT get your entire Estate ... and lawyers should not be allowed to waste YOUR money trying to change YOUR LAST Will and Testament.