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Packer has eye on $2.5 Billion chain of US casinos 7/9/2008 (Vanda Carson, TheAge.com.au) JAMES Packer is reported to be eyeing a $US2.4 billion ($A2.5 billion) chain of US casinos that spreads across six states, a move that would instantly triple his presence in the American market. According to a note to clients of broker UBS, which cites a US gambling industry journal, Crown is a likely bidder for takeover target Ameristar Casino as its eight casinos are considered a perfect fit with Crown's growing collection. Mr Packer is executive chairman of Crown, the gambling company that emerged from Publishing and Broadcasting (PBL) as part of the company split-up late last year. He has rapidly created a global casino empire since he freed up cash in the demerger. Ameristar shares have been trading at record lows but have risen in recent days on strong speculation of an imminent bid.  Full Story
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