James Packer, an Australian media and casino mogul, have reportedly been looking at business opportunities in Israel in the technology sector and purchased a home in Caesarea, the habitat for the well-heeled and home to many of Israel’s Roman ruins. Caesarea has many luxury homes, as well as Israel’s only major golf course. While details of the transaction have not been made public, homes in the city can sell for up to $12 million, according to the Australian.
Rechovot-born Arnon Milchan, producer of Pretty Woman, L.A. Confidential and Natural Born Killers, is a close friend of Packer’s, and has been credited with Packer’s inspiration to invest in Israel. According to the Australian Business Review, Packer is looking to invest in Israel’s science and technology sector. Milchan has taken Packer to dine with Prime Minister Benjamin Netanyahu in the latter’s home in Caesarea. Packer said that spending time with Netanyahu has been “a tremendous eye opener.”
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The Australian Business Review’s Sharri Markson writes that it is uncertain whether Packer’s sudden interest in Israel is motivated mainly by business or personal sentiments, “He has not converted to Judaism, and it’s not clear whether his interest in the country is purely business or whether there is an element of spirituality driving it. What is clear that Packer has developed a deep affection for Israel, both for the people and the place.”
