James Parker: Billionaire Casino Mogul Step Down as Director

Crown Resort Limited has announced the resignation of Mr. James Douglas Parker as a Director of Crown Resort Limited. The announcement which was made 21st December, 2015 says the action is effective immediately but Mr. Parker still remain Co-Chairman of Melco-Crown Entertainment Limited -a company he own with Mr. Lawrence Ho- and Co-Chairman of Alon.

Excerpt of the speech of Mr. James Parker about his intention to step aside as a Director of Crown Resort Limited is published below.

Mr Packer: ”I have taken the decision over several months following the smooth transition by Rob Rankin into the company Chairman’s role and the stable and cohesive functioning of the board and the senior management team during the period that I have transitioned overseas.” ”Now is the right time for me to focus my endeavours on my new role with crown, as I outlined to shareholders when I stepped aside as Chairman in August. I intend to devote my energies to a number of key development projects in Sydney, Melbourne and Las Vegas as well as Crown’s online platforms.”

”Of course I remain incredibly passionate about Crown and it’s world-class integrated resort businesses. Crown is my biggest professional priority and represents the vast majority of my net wealth.”james douglas packer

”I am enormously proud of all that has been achieved, but we have so much more to deliver for shareholders.”I am very confident that together with my colleague on Crown’s able Board, led by Rob as Chairman, we can deliver on these projects for all shareholders.”

”At Consolidated Press Holdings too, we recently concluded a major transaction in my family’s business and this also has assisted the timing of my decision. Gretel and I have never been closer.” ”I wish Rob and the rest of the Board well, I will remain in constant contact with them all as we continue to build a world class luxury tourism and entertainment brand.”

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