Packer to Invest $1.2B in New Sydney Casino

July 5 (Bloomberg) -- Crown Ltd., the gaming company controlled by billionaire James Packer, moved a step closer to developing a A$1.3 billion ($1.2 billion) casino in Sydney, beating a rival proposal from Echo Entertainment Group Paul Allen reports on Bloomberg Television's "First Up." (Source: Bloomberg)

Global Business Report: Vitol Calls for $48 Oil
12:08 - Bloomberg's Alix Steel and looks at the latest global business news. She reports on "Bloomberg Markets." (Source: Bloomberg)
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