Chief executive Ciaran Carruthers revealed to staff on Monday that Crown Resorts would be restructuring its operations in Sydney, Melbourne, and Perth.
Mr Carruthers told the Australian Financial Review on Monday that the casino giant faced multiple challenges, including drops in tourism and workers.“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,” Mr Carruthers said.
Crown Resorts employees more than 20,000 people and is one of the biggest employers in states in which it operates but has struggled with stagnating international travel and a lack of high rollers.Increasingly tight regulatory controls on casinos has also put pressure on Crown, which has sought to downplay its gaming areas in marketing material and instead highlight its restaurants and entertainment.
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Source: FinancialReview - 🏆 2. / 90 Read more »