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It is not certain if Packer owns any more of the notes or if he would be encashing them. The payouts by Crown are a part of its effort to slash its substantial debt, which was at A$1.76 billion in December 2016, a key focus under the company’s reorganization plan. Crown initiated a massive overhaul plan few months ago which included stepping back from all its international ventures to focus on its Australian projects. An extensive management reshuffle was also carried out under it, which will see Packer return as a director on the Crown Board.