Two sculptures that have overlooked the Yarra for two decades will be removed by Crown casino operators and sent to a farm on the Mornington Peninsula.
John Borghetti will take the chair as the casino operator has passed its regulatory hurdles and now has to find a way to become financially profitable.
One casino has been approved to operate,but is laying off staff. The other has just emerged red-faced from an inquiry that may result in losing its licence. Is it possible for casinos to turn a profit in the brave new regulatory world?
Call it opulent,elevated,expensive – but the luxury home set high in Crown Resorts’ skyscraper can’t yet be called “sold”.
The company on Monday confirmed it make 1000 staff redundant at its Melbourne,Sydney and Perth casinos due to poor trading conditions.
Crown Sydney has proven it can clean up its act. But across the city,its arch rival The Star is facing a very different outlook.
Ciaran Carruthers has not ruled out further redundancies or changes to Crown’s operations as the cost-of-living crisis continues to hurt earnings at its casinos.
The Victorian gambling regulator said on Tuesday that it was in the public interest for Crown to keep its Melbourne casino licence.
Crown has finalised its investigation into a report its boss had intervened to allow patrons who had been escorted from Crown Melbourne to re-enter and found he did not break any laws.
Crown Sydney has reopened its revamped Mahogany Room hoping to attract back punters,as casinos face financial pressure and lingering questions over their future business models.
Dien Nguyen was diagnosed with terminal lung cancer and launched legal action against Crown Resorts,alleging his exposure to smoke throughout his years of working in gaming rooms caused or contributed to his diagnosis.