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July 7 (Reuters) – Australian casino operator Crown Resorts on Thursday named functions head of Wynn Macau (1128.HK), Ciarán Carruthers, as its chief government officer, replacing Steve McCann months just after its $6.3-billion takeover by personal equity Blackstone (BX.N).
McCann, following taking over the best position in June past yr, had led the organization as a result of a challenging time when its licenses had been suspended or put under supervision following probes in three Australian states amid statements of shirking anti-money laundering guidelines and dysfunctional governance. read additional
He also oversaw its flagship Sydney casino get again its gaming license after a years-extended money-laundering scandal, as very well as the company’s sale to Blackstone which concluded previous month. study far more
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McCann will stage down from his function in September, the company explained.
In Carruthers, Crown has tapped an government with extra than 30 a long time of experience in the worldwide gaming and hospitality market. He has formerly held senior roles at Sands China (1928.HK) and casino resorts in Southeast Asia.
“Blackstone is dedicated to investing in Crown… Element of that requires bringing in world wide expertise to enhance the current expertise within just the small business,” mentioned Chris Tynan, Blackstone’s head of real estate Australia.
Crown also appointed Bill McBeath as chairman of the board, previous Virgin Australia CEO John Borghetti as chair of its Sydney enterprise and John van der Wielen as chairman of its Perth operations.
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Reporting by Shashwat Awasthi in Bengaluru Enhancing by Arun Koyyur
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