...yes, I'm well aware of the terms of the IGA.
That said, I have to admit there's a loophole I didn't consider / my statement was incomplete: an Australian like Packer could
buy a site as long as they banned Australian citizens from actually playing on it. It's the flipside of that loophole that allows Betfair to operate here: they offer online sports betting (legal here), but not poker or any other casino games that they're allowed to offer overseas.
He definitely couldn't buy the site and allow Australians to play on it though, as he would be guilty of allowing Australian citizens to play online poker for real money
Anywho, I suspect he and Crown are probably much more focussed on trying to get their brick and mortar high rollers back from Singapore
, or working on their Macau joint ventures.