September 26, 2000 |
Kerry Packer is an outsize personality, a big, brash man known even in this capital of excess as a ferocious gambler and extravagant tipper who bets--and often wins--dizzying amounts. So when Packer, a burly media tycoon who is one of Australia's richest citizens, lost at the tables here recently, he did that too in almost unbelievably grand style.
September 6, 2000 |
One famous man's reportedly huge losses at the gaming tables in Las Vegas are giving an unexpected boost to shareholders of casino giant MGM Mirage. MGM Mirage isn't talking, but reports that Australia's richest man, media tycoon Kerry Packer, supposedly lost $20 million in July while gambling at the company's Bellagio casino had some Wall Street analysts crowing that MGM Mirage has hit a jackpot of its own. The stock (MGG) jumped $1.44 to $35.69 on the New York Stock Exchange on Tuesday.
April 11, 1995 |
Australia is a big country of vast resources and monumental financial moguls. Some of the latter: RUPERT MURDOCH Murdoch, 64, is probably flying somewhere between his homes in New York City, Aspen and a sheep ranch at Yass, near Canberra, Australia's capital. Starting in 1951 with a family inheritance of a tabloid newspaper in Adelaide, Murdoch became not only the dominant newspaper owner in Australia but a media baron in Britain and the United States.
February 24, 1994 |
Milchan Gets New Backer: Australian businessman and media owner Kerry Packer has agreed to become a major shareholder and investor in Arnon Milchan's Regency Enterprises through Nine Network Australia Ltd., his Australian television company. Packer replaces German media tycoon Bodo Scriba at Regency, though Scriba will continue to co-produce all Regency productions and distribute all Regency products in Germany.
February 17, 1993 |
Rumors Surface of Bid for Metro-Goldwyn-Mayer: The Australian Financial Review reported that media magnate Kerry Packer is considering a bid for the ailing studio controlled by Credit Lyonnais Bank. The newspaper reported that Packer and his takeover adviser, David Gonski, "have had extensive discussions with representatives of Credit Lyonnais in the U.S.," but a Credit Lyonnais spokesman said the bank wouldn't comment on rumor and speculation.
May 25, 1992 |
Rich Aussies: Meanwhile, the fortunes of "Lethal Weapon 3" star Mel Gibson are rising, literally. The actor has made the list of Australia's richest people with a fortune estimated at $37.5 million. "Thornbirds" author Colleen McCullough's $26.25 million earned her a spot on the list, which was topped by media magnates Kerry Packer ($2.025 billion) and Rupert Murdoch ($1.725 billion).