Former Crown owner James Packer invests in Flutter and Light & Wonder
The billionaire tycoon has pivoted with an AU$510m investment in the two organisations.
Key points:
– Former Crown majority shareholder James Packer has reportedly invested heavily into Flutter and Light & Wonder
– Packer has invested, via his CPH 2030 fund, AU$310m into Light & Wonder and AU$200m into Flutter
– He sold his majority stake in Crown Resorts to Blackstone in 2022
Former majority shareholder and owner of Crown Resorts, James Packer, has reportedly invested a total of AU$510m (US$332.1m) in Flutter and Light & Wonder – according to The Australian.
Indeed, this latest move comes following reports from early 2024 that Packer had left the casino business – vowing never to return to the industry. He has now, however, sold down his significant stakes in Taiwan Semiconductor Manufacturing Company and computing giant, Nvidia, via his Consolidated Press International Holdings (CPI) organisation.
CPI is now represented by a 2.7% ownership stake in Light & Wonder worth around AU$310m, following Packer’s investment into the company. Elsewhere, Packer’s Flutter ownership stake now amounts to around AU$200m of company stock. These latest investments were made during the second quarterly period of the calendar year, with the information pertaining to Packer’s latest investment actions having been logged with the US Securities and Exchange Commission (SEC) last week.
Following these latest reports, Packer’s invested capital in both Flutter and Light & Wonder is now a higher sum than his remaining AU$180m stake in Nvidia, which has been significantly reduced since this year’s initial quarter. The funds for these latest investments have reportedly come from Packer’s private AU$2bn CPH 2030 fund, which is managed by Canadian entrepreneur, Daniel Nadler.
Good to know: Nadler has recently directed the focus of the CPH 2030 fund towards companies he thinks will be most significantly affected by the development of AI
Recent significant updates from Flutter and Light & Wonder include the respective release of each organisation’s Q2 2025 financials. During the timeframe, Light & Wonder reported a revenue figure of $809m, up 16% year-on-year, with Flutter’s Q2 revenues rising by an identical amount to total $4.19bn.
For Flutter, this latest investment comes following its acquisition of Boyd Gaming’s remaining FanDuel shares to secure 100% ownership of the US operator last month.
Gambling Insider delivers the latest industry news, in-depth features, and operator reviews that you can trust. Our team combines rigorous editorial standards with decades of specialized expertise to ensure accuracy and fairness. We are committed to delivering clear, impartial, and dependable coverage across the global gambling sector.
