- Casino
- Bitcoin Casinos
- Blacklist
- Real Money Casinos
- Reviews
- Strategy Guides
- Sweepstakes Casinos
- US Online Casinos
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Georgia
- Florida
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Massachusetts
- Maryland
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- Slots
- Free Slots
- Ancient Slots
- Animal Slots
- Buffalo Bounty
- Chase the Turkey
- Fortune Frog
- Four Mighty Beasts
- Genesis Island
- Jungle Stripes
- Kraken Deep Wins
- Panda Playtime
- Polar Heatwave
- Purrfect Pets
- Rabbit’s Riches
- Safari Stampede
- Sea Treasures
- Shark Spin
- Stampede
- The Exterminator
- The Ingot Ox
- Tiger Temple
- Under the Sea
- Wilderness Wins
- Wolf Moon Rising
- Asian Slots
- 4 Seasons
- 15 Dragon Pearls
- Buddha Fortune Hold and Win
- Cai Hong
- Dragon & Phoenix
- Dragon Kings
- Empire of Riches
- Journey to the West
- Lucky Macau
- Make You Rich
- Moon Sisters Hold and Win
- Mr. Macau
- Mythical Creatures
- Oriental Flower
- Prosperous Bloom
- Storm Lords
- Super Rich God Hold and Win
- Thai Blossoms
- Twin Dragons
- Winds of Wealth
- Classic Slots
- Food Slots
- Gold Slots
- Horror Slots
- Jungle Slots
- Magic Slots
- Sports Slots
- Slot Developers
- Poker
- Sports
- Esports
Fact-checked by Velimir Velichkov
Crown Resorts CEO Carruthers to Step Down in September
The executive will step down from his role on September 1 and the position will be filled by David Tsai who will serve as Crown Resorts' interim CEO
![ceo-letter-cubes](https://www.gamblingnews.com/wp-content/uploads/2023/02/ceo-letter-cubes.jpeg)
After a transformative period that helped ensure regulatory compliance for Crown Resorts, the company’s CEO, Ciaran Carruthers, will step down from his role. On Monday, the leading gaming and hospitality operator confirmed that its CEO will step down from his role effective from September 1.
While Carruthers will remain a part of Crown Resorts, he will hold an advisory role before leaving the company before the end of 2024. Filling the vacant role, the gaming and hospitality operator selected David Tsai, its president and chief operating officer. Tsai will become an interim CEO, effective from September 1 and retain the role until a permanent replacement is found.
Carruthers joined Crown Resorts back in September 2022. Taking on the role, he filled in the position from Steve McCann, who joined the company’s competitor, Star Entertainment. The appointment of Carruthers as CEO was completed during a challenging moment for Crown Resorts.
The company faced regulatory scrutiny amid government probes that alleged deficiencies and breaches related to anti-money laundering and counter terrorism financing policies. In addition, back in June 2022, Crown Resorts was acquired by Blackstone in a deal for a mind-blowing $6.15 billion.
Ultimately, Carruthers’ hire sought to reinstate Crown Resorts’ compliance. In addition to the acquisition, Blackstone invested a sum north of $130 million to help the gaming and entertainment company improve its policies and implement changes, ensuring its compliance with the regulations.
Under Carruthers’ Tenure, the Company Achieved Many Important Milestones
After spearheading Crown Resorts for two years, Carruthers’ tenure can be recognized as a success. This is because, during that time, the company improved its operations and was able to retain its gaming licenses. Moreover, Carruthers played a key role in Crown Resorts’ reorganization and transformation.
Sharing his excitement, the outgoing CEO explained: “I am very pleased to hand over a stronger, compliant and transformed business to its next leader.” Additionally, Carruthers pointed out: “There is more work to do, but I am very proud of what we have achieved as a team.”
John Borghetti, Crown Resorts’ chair, was similarly excited. He spoke about Carruthers’ leadership, explaining that under his tenure, the company “achieved critical milestones including a whole-of-business transformation and remediation program.”
Borghetti spoke about the implementation of cashless gaming, as well as the unique gambling harm minimization program, Crown PlaySafe, among other achievements. “Ciaran’s leadership and contribution has been highly valued and we wish him every success in the future,” added Crown Resorts’ chair.
As a part of the restructuring, Crown initiated 1,000 job cuts earlier this year. The layoffs affected the company’s casinos in Perth, Sydney and Melbourne.
Related Topics:
Jerome is a welcome new addition to the Gambling News team, bringing years of journalistic experience within the iGaming sector. His interest in the industry begun after he graduated from college where he played in regular local poker tournaments which eventually lead to exposure towards the growing popularity of online poker and casino rooms. Jerome now puts all the knowledge he's accrued to fuel his passion for journalism, providing our team with the latest scoops online.
Must Read
Business
September 11, 2024
Endeavor Putting OpenBet and IMG Arena for Sale
Business
September 6, 2024
New Jersey’s DGE Penalizes Borgata over Underpaid iGaming Taxes
More Articles
Business
September 10, 2024
Palms Casino Resort Appoints Stephen Thayer as General Manager
Lottery
September 10, 2024
NSW Lottery Player Buys a Ticket Out of the Blue, Wins AU$2.5M
Business
September 10, 2024
GiG Names HR Veteran Kevin Norville as Chief People Officer
Industry
September 10, 2024
Donors Press Kamala Harris to Remove FTC and SEC Chairs
Casino
September 10, 2024
The Star Sells Iconic Treasury Building Amid Financial Struggles
Legal
September 9, 2024
Australian Court Orders Foreign High Roller to Pay Back Gambling Debt
Business
September 9, 2024
New BGC CEO Grainne Hurst Targets Growth and Stability
Industry
September 6, 2024
Australians Reluctant to Roll in Cashless Gaming Trial
Industry
September 5, 2024
Greg Small to Step Down from Indiana Gaming Commission
Industry
September 4, 2024
Australian PM Disproves Reports of Imminent Gambling Advertising Ban
Lottery
September 3, 2024
Aussie Lottery Player Wins AU$2.5M, Plans European Getaway