The casino mogul was spotted enjoying some down time on his new $20 million motor yacht Seahorse on Tuesday, lounging on a couch in black Speedos as he chatted to a male friend.
The 50m vessel, fitted with a huge Australian flag, arrived in Sydney late last month from Europe, and the now-svelte Packer has been taking it for spins around the harbour in recent weeks.
The new boat is a more modest version of his previous 88m stunner, the Arctic P, which he offloaded.
While Packer lapped up the sunshine, there was no sign of wife Erica, who gave birth to the couple's third child, daughter Emmanuelle, in October, or their other children.
Read more: http://www.news.com.au/entertainment/celebrity/james-packer-cools-off-in-style/story-e6frfmqi-1226528076844#ixzz2DqeTcXpU