Packer lifts bid for Perth casino

September 05, 2010

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21/06/2004 02:38
Packer lifts bid for Perth casino

SYDNEY, Australia (CNN) -- Australian media and gaming group Publishing and Broadcasting Ltd (PBL) has lifted to Aust. $605 million ($417 million) its takeover bid for Perth's Burswood Casino.

PBL, which already owns 15.6 percent of Burswood, is controlled by Australia's richest man, Kerry Packer.

PBL's revised bid of A$1.46 a share, unveiled Monday morning, values the casino at A$715 million.

Full Story:CNN

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