Video Poker 247
- Packer Considering US
James Packer, the infamous Australian tycoon, has announced that he is
splitting his gambling businesses from his media operations. His
company, Packer’s Publishing and Broadcasting, Ltd. is going to be
seeking their third significant casino investment after the split.
Packer is easily Australia’s richest man, and inherited the media
empire that his father, Kerry Packer, had built. Packer has been
looking for a way to move away from the company and acquiring
properties in America might just be the way to accomplish that.
Packer has not announced which casino it is looking to acquire, but
the Australian Financial Review said that they were looking to spend
somewhere in the vicinity of $1.8 billion on the casino. They have
been in talks with Harrah’s Entertainment in regards to their Chester
Casino and Racetrack in Pennsylvania and experts say that this could
be the company that they are looking for.
The Chester Casino offers video poker and slot machines in more than
100,000 sq ft of gambling space. The site offers more than 2,700 slot
and video poker machines, in addition to a racetrack. The newspaper
referenced the nearby Meadows Racetrack and Casino as well, which they
said that the company might be looking to acquire in addition to that.
The Meadows offers 1,700 video poker and slot machines and a track as
well.
The company has already decided on the site that they would like to
purchase, and they say that they are simply in the bargaining stage of
the deal now. They are looking to spend upwards of $2.4 billion to
gain the properties and update them as they see fit.
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November 2007 Archive
