Blackstone-owned Crown Resorts to cut jobs

Home » Blackstone-owned Crown Resorts to cut jobs

Crown Resorts will cut up to 1,000 roles in Melbourne, Perth and Sydney, according to Reuters, amid a number of factors impacting business.

“The challenges at Crown reflect greatly reduced foreign tourism, a sharp decline in local workers in the city centres and restrictions on gaming play in Sydney and Melbourne,” Crown Resorts CEO Ciaran Carruthers said.

Crown currently employs over 20,000 people at its resorts in hundreds of roles, but last year it agreed to pay A$450m (US$296m) over anti-money laundering failures, while it was also investigated by Austrac, Australia’s financial crime watchdog.

The news comes after the NSW Independent Casino Commission found Crown Sydney suitable to retain its casino licence.

More about:  Monitor appointed for Crown Perth casino

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