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Four Corners: Crown Confidential: Packer's Losing Hand
Crown Confidential: Packer's Losing Hand
ABC  |  March 6, 2017

James Packer and his Crown gambling and entertainment empire have bet big, for more than a decade on China, and its VIP gamblers. These high rollers have fuelled Crown's booming businesses in Asia and Australia. But one night in October last year, all that was turned on its head. Fifteen Crown employees and a number of associates were swept into custody in a carefully coordinated series of raids across four cities in China. Crown's operations had run headlong into China's biggest ever corruption crackdown, leaving its business model in disarray.

Four Corners investigates what went wrong for Crown in China. Reporter Marian Wilkinson pieces together the key characters and events in the lead up to the arrests. And explores what this means for Crown's casino business here in Australia, especially the multibillion-dollar Barangaroo project in Sydney, as the bottom falls out of their Chinese high roller market.

James Packer and his Crown gambling and entertainment empire have bet big, for more than a decade on China, and its VIP gamblers. These high rollers have fuelled Crown's booming businesses in Asia and Australia. But one night in October last year, all that was turned on its head. Fifteen Crown employees and a number of associates were swept into custody in a carefully coordinated series of raids across four cities in China. Crown's operations had run headlong into China's biggest ever corruption crackdown, leaving its business model in disarray.

Four Corners investigates what went wrong for Crown in China. Reporter Marian Wilkinson pieces together the key characters and events in the lead up to the arrests. And explores what this means for Crown's casino business here in Australia, especially the multibillion-dollar Barangaroo project in Sydney, as the bottom falls out of their Chinese high roller market.

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