Crown Resorts has announced hundreds of employees are facing the axe as the casino giant continues to grapple with the aftermath of serious licence breaches and rising cost-of-living pressures.
About 200 full-time staffers from Crown’s Melbourne gaming team will be let go, with voluntary redundancies offered first, Crown Resort announced today.
“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 Crown spokesperson said.
Around 200 full-time staffers from Crown’s Melbourne gaming team will be let go, with voluntary redundancies offered first, Crown Resort announced today. (Supplied)
“Impacting roles is never a decision taken lightly, but these proposed changes are necessary to support Crown Melbourne’s long-term sustainability.”
The job cuts follow several licence breaches which sparked regulatory restrictions and hefty fines for the casino, which is owned by US financial giant Blackstone.
In 2023 Crown Resorts agreed to pay a $450 million fine over breaches of anti-money laundering and counter-terrorism financing laws.
In 2024 the Sydney and Melbourne businesses were given the green light to operate casino licences years after shock money laundering admissions led to restrictions.
The strict regulatory obligations, combined with cost-of-living pressures and above industry average salary costs impacted Crown’s discretionary spending, it said.
Crown Melbourne will remain Victoria’s largest single-site private employer despite the job cuts, boasting than 13,500 team members.
The casino slashed 1000 jobs across its Sydney, Perth and Melbourne workforces in 2024 as part of a major restructure.
NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.