The company on Monday confirmed it make 1000 staff redundant at its Melbourne,Sydney and Perth casinos due to poor trading conditions.
Crown Sydney has proven it can clean up its act. But across the city,its arch rival The Star is facing a very different outlook.
Ciaran Carruthers has not ruled out further redundancies or changes to Crown’s operations as the cost-of-living crisis continues to hurt earnings at its casinos.
The Victorian gambling regulator said on Tuesday that it was in the public interest for Crown to keep its Melbourne casino licence.
Crown has finalised its investigation into a report its boss had intervened to allow patrons who had been escorted from Crown Melbourne to re-enter and found he did not break any laws.
Crown Sydney has reopened its revamped Mahogany Room hoping to attract back punters,as casinos face financial pressure and lingering questions over their future business models.
Dien Nguyen was diagnosed with terminal lung cancer and launched legal action against Crown Resorts,alleging his exposure to smoke throughout his years of working in gaming rooms caused or contributed to his diagnosis.
Australia’s two casino giants face a gruelling year,as they try to convince regulators they have been reborn into compliant,safe entertainment precincts.
Blackstone is confident in its tried and tested strategy to turn around Crown Resorts. Some US-based investors are not as convinced.
Crown Melbourne is introducing a new swipe card forcing poker machine players to set binding limits on losses and time spent gambling.
Crown CEO Ciaran Carruthers allegedly forced security staff to ‘break the law’.