Crown Resorts, a major player in Australia’s integrated resort industry, is set to trim its workforce by another 1,000 employees. This decision by Ciarán Carruthers, CEO, Crown Resorts, comes as a response to the challenging landscape faced by the company across its properties in Melbourne, Sydney and Perth.
This marks the second time Crown Resorts has had to downsize its workforce, following last year’s reduction of nearly 300 jobs at Crown Sydney. Additionally, operational adjustments such as the closure of one gaming floor and reduced operating hours at another in Sydney have been made to streamline operations.
This move will affect approximately five per cent of Crown Resorts’ workforce, totaling 20,000 employees.
The company highlighted the impact of reduced tourism and dwindling local foot traffic in urban centres. Furthermore, the gaming restrictions in Sydney and Melbourne are other key factors contributing to the need for workforce reduction.
Despite these challenges, Crown Resorts remains steadfast in its commitment to regulatory compliance and ongoing transformation initiatives. These include the implementation of Crown PlaySafe, as well as transformation plans for its Melbourne and Sydney properties, along with continuous remediation efforts in Perth.
Crown Resorts is one of Australia’s largest entertainment groups, primarily operating in the integrated resort and casino sector. Established in 2007, the company has grown to become a major player in the hospitality and tourism industry, known for its luxury resorts, hotels and casinos. Crown Melbourne, located in the heart of Melbourne’s Southbank precinct, is one of the largest casino complexes in the Southern Hemisphere, while Crown Perth is situated on the banks of the Swan River in Western Australia.
However, Crown Resorts has faced significant challenges and controversies in recent years. Allegations of corporate misconduct, including breaches of anti-money laundering laws and partnerships with junket operators linked to organised crime, have led to government inquiries and regulatory scrutiny.
