Map Australia James Packer

Elio D Amato: But his move to a more hands-on role has coincided with Crown very own high-stakes game, rolling the dice on major new casinos just as sliding revenues have caused a rapid lift in debt. "Crown at a bit of a tipping point, a precipice as it were," Lincoln Indicators chief executive Elio D'Amato said. " all goes to plan they will be fine, otherwise they may very well be scrambling for some more capital, according to Australian Broadcasting Corporation. And investors definitely won't be happy about that." Crown jewel will be the $1.4 billion Barangaroo casino in Sydney, along with development plans in Las Vegas, a new five-star hotel in Melbourne, a Perth casino redevelopment and a third casino in Macau. Related Story: James Packer quits as Crown chairman as casino profit slumps Related Story: Crown Entertainment blames Macau troubles for profit slump Map: Australia James Packer recent decision to step aside as chairman of his Crown Resorts gambling empire may have come as a bolt from the blue to many observers. With so many wheels spinning, Mr Packer will move into a day-to-day management role when he steps down as chairman this month. "Mr Packer stepping down is a sign now the company is at a very important juncture point in its operations and business," Mr D'Amato said. "Mr Packer really wants to focus on the delivery of some key projects. I suspect his move is more strategic in that he wants his best man on the job." Debt-to-earnings ratios slip under guidance figure Some investors, however, are concerned about the level of debt Crown is carrying to finance the expansion. Failure of the delivery of those projects could put Crown under pressure in some three to four years' time. "So the work that is put in now is critical to the long-term success of Crown. (news.financializer.com). As reported in the news.