Billionaire Australian gaming mogul James Packer was seen brawling on a Bondi Beach street with a fellow businessman, David Gyngell, a lifelong friend, former best man and chief executive of the Nine Entertainment Group, media reported on Monday.

At least 50 photos of Packer, owner of Australia's Crown Resorts Ltd., and Gyngell viciously fighting outside Packer's home on Sunday are circulating for sale, the Sydney Morning Herald said.

Packer and Gyngell released a joint statement on Monday, which did not confirm the fight, but said they remained friends.