Billionaire casino mogul James Packer and his fiancée Kylie Lim are spending their European summer in Sardinia, Italy, aboard Packer's $200 million superyacht, IJE. The couple were observed entertaining a group of friends on Wednesday.

Lim, dressed in a designer snakeskin bikini, was seen enjoying the sunshine on the yacht's deck. She accessorized her attire with her engagement ring, reportedly valued at $1.2 million, along with other jewelry, including a diamond cross and bracelets. Lim appeared to be wearing minimal makeup and sported a French manicure.

Packer, 58, was seen wearing an oversized navy blue t-shirt and matching trousers. He appeared to be engaged in discussions with male friends while a giant screen behind him displayed real-time financial market coverage from CNBC, suggesting a mix of business and leisure.

Packer appeared to be mixing business with pleasure, with real-time financial market coverage on American channel CNBC playing behind him on a giant TV screen.

The superyacht, named IJE, is named after Packer's three children with ex-wife Erica Packer. It has served as a retreat for the billionaire. This trip, Packer and Lim hosted friends including Paige Larkin, described as a long-time best friend of Yolanda Hadid.

Lim has previously shared glimpses of her international social circle, including photos from a yacht holiday in Turkey last August. Among those present at that gathering were Francesca Versace, niece of the late designer Gianni Versace, and Berna Uyanoglu Meehan, a Turkish businesswoman and philanthropist. Other friends noted in Lim's circle include New York-based socialite and musician Bella Hunter Friedman, publicist Lulu Buti, real estate agent Ariane Benjamin, former NBA player Rony Seikaly, and MasterChef Australia personality Michelle Walsh.

Packer and Lim hosted a close-knit group of friends on the yacht.

Lim, who was born in Canada, began her career as a model and became a fixture in New York's social scene, establishing connections in fashion, entertainment, and business. Her relationship with Packer has drawn attention, though the couple generally maintains a private profile.

Packer announced their engagement earlier this year. The couple were previously together from late 2017 to 2020 before rekindling their romance. Packer has had previous engagements to models Kate Fischer, Jodhi Meares, and Erica Baxter, and singer Mariah Carey. He was married to Meares and Baxter, with whom he has three children. Packer has previously stated that Lim was a positive influence during a difficult period following his 2016 split from Carey and his struggle with substance abuse.