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James Packer resigned from the board of directors of his private family company, Consolidated Press Holdings.
This is the last step taken by the billionaire to give up his professional obligations after resigning from Crown Resorts in March.
He will leave the empire of Packer in the hands of two important people
Author of his unauthorized biography The Curse of the Mogul Aaron Patrick tells Chris Kenny that the pair is "virtually unknown "
Consolidated Press CEO Guy Jalland and Ernst and Young's CFO will take possession of the funds.
"It's a very big trump to trust these two people, so James really has to trust them."
With the development of the Barangaroo precinct, Mr. Patrick tells Chris that he has given full responsibility for the casino project.
"There are many things to do. This is a $ 2 billion company that they build there.
"It is therefore a crucial and crucial period for James, and that is why I was really surprised to find out today that he was leaving the board of directors. 39; administration. "
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