Arctic P was built at the German shipyard Schichau Unterweser and originally served as an icebreaker before being converted into a luxury yacht.
In 2015 she underwent a refit in Spain, works included redesigned beach club, with a disappearing pool and Jacuzzi, and a new galley and an update of her bridge.
In 2015 Arctic P won the Voyager’s Award which recognizes an owner that has made extensive use of his yacht in long distance voyaging and exploration over the past few years.
Packer is the son of the late Kerry Packer. In 2005 he inherited the family company, Consolidated Press Holdings Limited, which controls investments in Crown Limited, Consolidated Media Holdings and other companies. Since his father's death, Packer has moved away from the media businesses, and focused on creating a worldwide gambling empire named Crown Resorts. The Crown Melbourne Entertainment Complex in Melbourne is one of the largest integrated resorts in the southern hemisphere comprising a casino, hotels, function rooms, restaurants, shopping and entertainment facilities.
Crown Resorts Limited is one of Australia's largest gaming and entertainment groups, which operates Crown Casino and Entertainment Complex in Melbourne and Crown Perth Entertainment Complex. Crown holds a significant interest in Melco Crown Entertainment Limited (MCE), listed on NASDAQ, operating casino/hotel properties in Macau which include City of Dreams and Altira Macau as well as the Mocha Clubs business. Crown Perth is Perth's premier integrated resort encompassing a casino, two international hotels, a state of the art convention centre, and award-
James Packer has a net worth of USD 4 billion.In 2012 Packer sold Consolidated Media Holdings to NewsCorp for $ 1 billion.
Packer owns many houses around the world. In 2016 he sold his Vaucluse, Sydney mansion La Mer for US$ 70 million. He owns his US$ 20 million apartment in Bondi Beach, Sydney. The apartment has 5 bedrooms, a cinema, a gym and a garage for 8 cars.
In 2016 James Packer got engaged to American singer and actress Mariah Carey, but they separated in the same year. She allegedly claims a US$ 50 million divorce settlement, based on a never signed prenup.