Why James Packer might want to get out of the gambling business

Around the time more than a dozen Crown employees were being detained in China, Mr Packer was fresh from a well-reported split with American singer Mariah Carey."I think he's in a better headspace than what he was a couple of years ago," Mr Kitney said.

"But I think as time has gone on since the terrible events of 2016, which saw his third nervous breakdown in his life, I think he's decided that he just doesn't want to have any extra stress."So I think for him, to be able to keep an interest in a global casino group but at the same time take a lot of money off the table and step back from an active role, I think that's really important to him mentally.

Crown paused trading on Tuesday morning after news of the potential takeover was reported in the media and its share price closed 19.7 per cent higher after it confirmed the $10 billion bid from Wynn Resorts. But there are concerns that some traders were aware of the confidential talks between the two parties ahead of time and acted on that information.

"The issue is that a very large number of shares were traded in that short interval when there was clearly a leak to the market, and that's effectively insider trading," Mike Robey from the Australian Shareholders' Association told 7.30.The Australian Securities and Investments Commission has confirmed it is investigating the trades.

Because he is betting on a better future. Hahahaha

Cause the chings cant take money out of china anymore to gamble 😂😂

Because hell is hot.

Lol. Cause he couldn't win a chook raffle?

There are thousands of battlers with weight & mental issues who need a hand I’m sure the billionaire will be ok

Why would Packer want to quit? He has a $1 a year lease at Crown Casino in Melbourne, has 7 sets of hypnotic windmills (sets of four) along the Riverfront promenade, and has metal “pick a pocket any pocket” design features everywhere that there’s foot traffic throughout Melbourne

He wants to put his vast wealth to some societal good Naaaaaaaaaaaaaaaaaa

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