James Packer's Connection to Nobu and His Jewish Heritage

Australian billionaire James Packer, the third-richest man in Australia, has had a significant relationship with the renowned Japanese eatery Nobu for several years. This connection has now been solidified through Crown Resorts' acquisition of a 20% stake in Nobu, a move that will see Packer join the Nobu board as one of its four directors.

The deal was announced this week, with Melco Crown Entertainment Ltd., the parent company of Crown Resorts, acquiring the stake. The move is seen as a strategic partnership between the two companies, which has been fostered through their existing strong relationship. This acquisition will see Nobu restaurants open in both Crown Melbourne and Crown Perth, as well as a Nobu Hotel at City of Dreams – Manila.

Packer's connection to Nobu dates back several years, when he established Crown's relationship with the eatery. In addition to his role with Nobu, Packer also has an interest in Ratpac, a movie-production company founded by filmmaker Brett Ratner. The group is planning a casino project in Las Vegas and a hotel for high-rollers on Sydney Harbour.

As part of the acquisition, Crown will nominate Packer to join the Nobu board, further solidifying his connection to the brand. This move is seen as a significant development in the world of hospitality and entertainment, with both companies poised to benefit from their new partnership.

In related news, James Packer stepped down as chairman of Crown Resorts two months ago, focusing instead on developing the group's resorts. Despite this change, his connection to Nobu remains strong, and it will be interesting to see how this partnership develops in the coming years.

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