Crown Resorts shareholder James Packer appeared via videolink on early Friday morning to give evidence at the Perth royal commission into Crown Resorts. 

The Victorian worker’s compensation authority is seeking to claim back more than $300,000 in damages from James Packer stemming from an altercation between him and a security guard on New Year's Day in 2016.

Whilst Packer’s involvement in Crown was center stage in the NSW inquiry, he has not (yet) been called forward by Commissioner Neville Owen to stand before the commission. 

Crown Resorts said a group of funds advised by Oaktree Capital Management has offered to help the company by buying back up to $3 billion worth of shares held by James Packer’s Consolidated Press Holdings.

Crown Resorts said a group of funds advised by Oaktree Capital Management has agreed to provide up to $3 billion in funding for the company to buy back shares held by James Packer's Consolidated Press Holdings.

Crown Resorts' largest shareholder has reached an accord with the New South Wales regulator under which it agreed not to seek representation on the board, share information with the company or have discussions that are not in a public forum.

Australian billionaire James Packer has made a small but potentially significant move in the takeover play for Crown Resorts saying he is open to offers for his 37 percent stake in the operator.

Billionaire James Packer has declared that he has no intention of standing in the way should the board of Crown Resorts opt to accept the US$6.2 billion takeover bid from Blackstone.

Billionaire James Packer plans to abide by the decision of Crown Resorts' board on whether to accept an A$8 billion ($6.2 billion) bid from Blackstone Group, reinforcing the company's negotiating stance.

Various formulas are under consideration to reduce James Packer’s extraordinary influence over the governance of Crown Resorts, although this may not necessarily involve him selling down his 37 percent stake.