BBC – Billionaire James Packer and David Gyngell were cited for “offensive behaviour”, which carries a fine of A$500 ($467, £276) if uncontested. Police had launched an investigation into the incident on Sunday although no official complaint was filed. The cause of the brawl between the two friends still remains unclear. “Police today issued a 46-year-old man and a 48-year-old man with a Criminal Infringement Notice for offensive behaviour,” the New South Wales police statement said, without identifying the men by name. The brawl has been widely reported in Australian media, with photos reportedly selling for a six-figure sum. Photographs…

Today – Australian gambling tycoon and Melco Crown Entertainment co-chairman James Packer said it would cost a minimum of US$5 billion (S$6.2 billion) to develop a casino and resort complex in Japan should the government legalise casino gambling. One of Australia’s richest men, MR Packer is visiting Japan as the country’s parliament is preparing to debate legalising casino gambling, a move that could create a prize market with a wealthy population and proximity to China.“I think realistically that (US$5 billion) would be the lowest possible number. I think the numbers will only go up from there, not down,” Mr Packer…

International Business Times – ames Packer’s Asian gaming joint-venture Melco Crown wants to build a casino in Tokyo in time for the 2020 Olympics, according to The Australian. Japan is included in the company’s international expansions, along with Vietnam and South Korea, Todd Nisbet, the Crown executive leading the Japan casino bid, said. Other casino giants vying for Japan’s approval for the right to build and operate casinos include Wynns and Las Vegas Sands, among others. Japan, to boost its tourism and economy, intends to allow integrated casino resorts in regional cities including Tokyo and Osaka. “Japan is the biggest…