Crown Commences Reign Over New Gaming Empire

Shares in James Packer’s Crown Ltd have been up in the first week of trading since the Australian Federal Court approved the demerger of Packer’s now-defunct PBL into separate gaming and media entities.James Packer’s Publishing and Broadcasting Limited has now officially split into Crown Ltd and Consolidated Media Holdings Ltd (CMH). PBL has ceased operation with Crown taking over PBL’s diverse range of gaming operations. CMH will assume control of the media-based assets of the business.

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