A bet on smooth sailing

Who says gambling doesn’t pay? Certainly not James Packer, who is about to take delivery of a sparkling new big boy’s toy in the form of a $50 million Mangusta 165 super cruiser.

Around the glamour resorts of the Mediterranean in recent weeks yacht spotters have been drooling over the the first Mangusta 165, the same design ordered by Packer more than 18 months ago.