Crown Resorts has announced another round of job cuts in Melbourne as its casino business continues to suffer from cost of living pressures curbing customer spending, as well as regulatory restrictions introduced after serious breaches of the group’s anti-money laundering obligations.
Crown Resorts, which is owned by US financial giant Blackstone, announced on Tuesday that 200 of its Melbourne team will be cut from its 13,500-strong workforce in Victoria.
“Crown is reviewing its operations to respond to challenging economic conditions and ongoing regulatory commitments, while continuing to deliver world-class entertainment experiences for our guests,” a spokesperson said.
“Impacting roles is never a decision taken lightly, but these proposed changes are necessary to support Crown Melbourne’s long-term sustainability.”
Crown said it remains the largest single site employer in the state.
More to come.
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Colin Kruger is a senior business reporter for the Sydney Morning Herald and The Age.Connect via email.
