Billionaire out of paradise found project

9

The Australian billionaire who along with actor Robert De Niro planned to build the Paradise Found Resort on Barbuda has pulled out of the initiative.

Prime Minister Gaston Browne announced over the weekend that James Packer indicated this to him on two occasions.

“Packer had written to us about two years ago indicating that he was withdrawing from the paradise found project,” Browne said.

“And his rationale at the time was that the rhetoric of the Barbudan people was damaging his global brand,” the prime minister revealed.

Browne said Packer also indicated “I cant proceed” during a conversation.

“He said the profits he would have made from that project would be minuscule compared to the overall profitability of his group,” the Antigua leader told Pointe FM, his radio station.

“I mean I did ask him to reconsider his position but I have to admit that I am not even sure that parker is anymore involved in that project,” Browne admitted.

He said De Niro is still excited about the project even though the matter is still tied up in the courts.

Browne believes the actor can find another investor.

The opposition Barbuda Peoples Movement also took to the law courts last year to challenge the Paradise Found Act, which the Government approved after agreeing to De Niro’s proposal in February 2015.

Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Antigua!
We offer fully customizable and flexible digital marketing packages. Your content is delivered instantly to thousands of users in Antigua and abroad!
Contact us at [email protected]

9 COMMENTS

  1. No news here. Packer is not the kind of investor A&B should pursue anyway. He is not actively involved in Crown Resorts anymore and since those 19 employees were arrested in China, convicted, and subsequently released he is probably not in China’s good graces. Add to that his involvement in a bribery scandal in Israel and other personal issues I say good riddance.
    Di Niro by his own admission, has no money.
    So who is this ridiculous runway for anyway? Peter Virdee? LOL.

    • That’s a little unfair…everyone in this world deserves to love and be loved..Maria came with a shovel…people like her always do.

  2. This seems to be the case for all of the investments that we have heard about for the past 4 years. Gone A Guassa!!!

  3. DeNiro is a money grubbing thief who apparently has no problem taking from a vulnerable population who communally own the land he is stealing from them with the help of the Antiguan government. Shame on you Mr. DeNiro. I wish for you to fail tremendously and to learn some lessons life has not yet taught you.

Comments are closed.