Crown Resorts cuts 1,000 jobs across Australia
The terminations will come after several changes within the company over the last year or so.
According to local sources, Crown Resorts has cut over 1,000 roles across Melbourne, Perth and Sydney.
This will primarily affect those employed in Melbourne and Perth, while Sydney will mostly see changes in its corporate positions.
The company reported that this was due to the weak economic status of gambling in Australia and increasingly strict regulations.
Crown Resorts CEO Ciaran Carruthers said: “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.
“We are committed to our regulatory obligations and ongoing transformation, including Crown PlaySafe, Melbourne and Sydney Transformation Plans and ongoing remediation in Perth.”
That being said, the operator has had a rocky 12 months, since it got into quite a bit of hot water last summer.
First of all, it paid AU $450m (US $294m) in penalties after it was found guilty of breaching several money-laundering and financing terrorism laws, something which it later admitted, as well as several other compliance failures.
A few months later, it would pay another AU $30m in fines, before having to plead guilty to faulty business practices with its employees.
This was following an investigation from the Fair Work Ombudsman regarding payroll errors.
That’s not all, when the Victoria’s Gambling and Casino Control Commission (VGCCC) decided to launch its own probe into the company’s board.
Despite this, Crown was allowed by the New South Wales Independent Casino Commission (NICC) to keep its licence after the most recent review, held only last week.
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