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Billionaire businessman James Packer is spotted onboard his luxury yacht with friends in Mexico

James Packer has emerged from lockdown, with the businessman spotted on his luxury yacht with friends in Mexico’s Cabo San Lucas recently.

The 52-year-old billionaire appeared to be making the most of his outing, and was spotted strolling along the deck.

There was no missing the sizable boat, which towered next to nearby apartment buildings.

Back in business: James Packer has emerged from lockdown, with the businessman spotted on his luxury yacht with friends in Mexico’s Cabo San Lucas recently

James was dressed casually in a navy blue shirt, which he paired with dark trousers and a pair of sunglasses.

He seemed happy and relaxed after months in lockdown amid the coronavirus pandemic.

It’s been a rollercoaster few years for the renowned investor, who has dealt with his share of setbacks in both his career and personal life.

The 52-year-old billionaire appeared to be making the most of his outing, and was spotted strolling along the deck

The 52-year-old billionaire appeared to be making the most of his outing, and was spotted strolling along the deck

James was dressed casually in a navy blue shirt, which he paired with dark trousers and a pair of sunglasses

He seemed happy and relaxed after months in lockdown amid the coronavirus pandemic

James was dressed casually in a navy blue shirt, which he paired with dark trousers and a pair of sunglasses

On Tuesday, it was revealed his new $2.4 billion Crown casino in Sydney won’t have a single pokie after a rival casino snapped up exclusive rights on Friday.

The Harbour City’s other casino, The Star, signed a deal with the New South Wales state government for sole rights to operate the revenue spinners for the next 21 years. 

Crown had been lobbying for years to remove a pokie ban at its Barangaroo site but was unsuccessful – leading The Star’s share price to jump by more than four per cent on Monday.

It's been a rollercoaster few years for the renowned investor, who has dealt with his share of setbacks in both his career and personal life

It’s been a rollercoaster few years for the renowned investor, who has dealt with his share of setbacks in both his career and personal life

On Tuesday, it was revealed his new $2.4 billion Crown casino in Sydney won't have a single pokie after a rival casino snapped up exclusive rights on Friday

The Harbour City's other casino, The Star, signed a deal with the New South Wales state government for sole rights to operate the revenue spinners for the next 21 years

On Tuesday, it was revealed his new $2.4 billion Crown casino in Sydney won’t have a single pokie after a rival casino snapped up exclusive rights on Friday

The coronavirus pandemic has also thrown Crown’s plan to target Chinese billionaires into disarray – leaving the company scrambling to drum up business by targeting RSL punters in Sydney’s west.

Crown Resorts, which operates casinos in Melbourne, Perth and London, had originally intended its Sydney operation to largely target international VIPs.

In January, however, the Morrison government banned visitors from mainland China because of the growing coronavirus pandemic. 

There was no missing the sizable boat, which towered next to nearby apartment buildings

There was no missing the sizable boat, which towered next to nearby apartment buildings

Crown had been lobbying for years to remove a pokie ban at its Barangaroo site but was unsuccessful - leading The Star's share price to jump by more than four per cent on Monday

Crown had been lobbying for years to remove a pokie ban at its Barangaroo site but was unsuccessful – leading The Star’s share price to jump by more than four per cent on Monday

In April, Hong Kong gaming tycoon Lawrence Ho’s Melco Resorts ended its joint venture with Crown by selling its 10 per cent stake in the company – further damaging Crown’s ability to bring in wealthy Chinese gamblers.

Construction of Crown casino at Barangaroo is nearing completion with the $2billion building – the tallest in Sydney – schedule to be finished before the end of 2020.

The venue will open it’s doors in February with 120 gaming tables and members only being allowed to place bets of a minimum of just $20 to $30. 

The coronavirus pandemic has also thrown Crown's plan to target Chinese billionaires into disarray - leaving the company scrambling to drum up business by targeting RSL punters in Sydney's west

The coronavirus pandemic has also thrown Crown’s plan to target Chinese billionaires into disarray – leaving the company scrambling to drum up business by targeting RSL punters in Sydney’s west

Crown Resorts, which operates casinos in Melbourne, Perth and London, had originally intended its Sydney operation to largely target international VIPs

Crown Resorts, which operates casinos in Melbourne, Perth and London, had originally intended its Sydney operation to largely target international VIPs

James currently divides most of his time between Aspen and Los Angeles, Packer said he hopes to spend more time in Sydney once Crown is complete.

‘Having this hotel gives Crown three incredible resorts across the country, employing thousands of workers and attracting tourists from across the globe,’ he previously told Daily Mail Australia.

‘I grew up in Sydney and my kids still spend time here, it’s a beautiful place and I hope to spend more time visiting.’

In January, however, the Morrison government banned visitors from mainland China because of the growing coronavirus pandemic

In January, however, the Morrison government banned visitors from mainland China because of the growing coronavirus pandemic

In April, Hong Kong gaming tycoon Lawrence Ho's Melco Resorts ended its joint venture with Crown by selling its 10 per cent stake in the company - further damaging Crown's ability to bring in wealthy Chinese gamblers

Construction of Crown casino at Barangaroo is nearing completion with the $2billion building - the tallest in Sydney - schedule to be finished before the end of 2020

In April, Hong Kong gaming tycoon Lawrence Ho’s Melco Resorts ended its joint venture with Crown by selling its 10 per cent stake in the company – further damaging Crown’s ability to bring in wealthy Chinese gamblers

Packer bought two floors of the building from Crown in 2017.

‘Crown has reached in-principle agreement with Mr James Packer to sell two floors of the Crown Sydney Residences at the Crown Sydney Hotel Resort to Mr Packer for $60million,’ a statement from the company at the time read.

‘The floors are located above the mid-levels of the Crown Sydney Hotel Resort.’

Packer said Barangaroo will be among the best precincts in the world once construction is complete. 

Packer said Barangaroo will be among the best precincts in the world once construction is complete

Packer said Barangaroo will be among the best precincts in the world once construction is complete

Read more at DailyMail.co.uk


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