DataRoom AM: Packer’s Vegas call

James Packer’s US pursuit may take him from Vegas to Wall Street as his new JV reportedly considers going down the IPO route, while Orica looks to divest its $1bn chemicals division.

James Packer’s return to Las Vegas has brought about the possibility of a US-listed spinoff, with a float potentially offering one route to limit the stress on Crown Resorts’ balance sheet.

Elsewhere, Orica has no shortage of prospective buyers for its $1 billion chemicals division, Frasers Centrepoint’s bid for Australand goes down to the wire and BHP Billiton makes slow progress on its Nickel West sale.


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