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Title : James Packer QUITS board of family company amid mental health fight
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James Packer QUITS board of family company amid mental health fight

Billionaire James Packer QUITS the board of family company Consolidated Press Holdings to focus on his mental health

• Casino billionaire James Packer has quit Consolidated Press Holdings board 
• Mr Packer has wound back his business commitments since March this year
• Stood down from CPH while he 'continues his recovery', spokesperson said 
• Mr Packer and girlfriend Kylie Lim were pictured relaxing in Italy last week 

By Daniel Piotrowski for Daily Mail Australia

Published: 04:02 BST, 9 July 2018 | Updated: 05:13 BST, 9 July 2018

James Packer has quit the board of his private family company as he focuses on his mental health. 

Mr Packer, 50, resigned from the board of Consolidated Press Holdings (CPH) on June 27, documents filed to the corporate regulator ASIC said.    

A spokesperson said Mr Packer has stood down while he 'continues his recovery'.  

It is the latest evidence of the casino billionaire stepping back from his business empire for his 'personal wellbeing'. 

James Packer, 50, resigned from the board of Consolidated Press Holdings effective June 27

In March, Mr Packer resigned from the board of his casino company, Crown Resorts Limited

In March, Mr Packer resigned from the board of his casino company, Crown Resorts Limited. 

'Mr Packer is suffering from mental health issues,' a company representative said then.

'At this time he intends to step back from all commitments.'

That month, he checked himself into a $35,000-a-week psychiatric hospital in the United States.  

Daily Mail Australia understands Mr Packer has also resigned from all boards related to Consolidated Press Holdings. 

On Twitter, shareholder activist Stephen Mayne claimed the move effectively means Mr Packer is 'now off all business related boards'. 

James Packer's socialite girlfriend Kylie Lim has been 'essential' to his recovery. The pair are pictured in Italy just last week

Mr Packer's health woes follow a messy break-up with pop star fiance Mariah Carey and the arrest of Crown staff in China in 2016.   

He has recently been linked to New York socialite Kylie Lim. 

The pair were photographed together just last week eating icecream and taking a boat ride at Portofino, on the Italian coast.  

Sources have claimed Ms Lim has been instrumental in getting Mr Packer 'back on his feet'. 

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