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Now the tables have turned as Lawrence Ho buys a large stake in Crown Resorts. Though James Packer no longer maintains a day-to-day role in Crown’s affairs, many longtime Crown execs have worked with Melco.
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, the majority stakeholder in Crown Resorts. This latest challenge to the project comes even as the company is fighting the arrests of its employees made by the Chinese authorities in October over allegations of violating gambling laws in China.
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Although it hasn’t suffered the same problems as Crown Entertainment, chairman-elect Rob Campbell did tell attendees at the UBS conference that turnover in Asia was down on the previous period.
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