Sydney Casino Faces 180 Job Cuts as Crown Resorts Implements Cost-saving Measures

Crown Resorts, a prominent casino in Sydney, is making significant changes due to a lack of patronage, including cutting 180 jobs and reducing operating hours. The decision was announced to staff this week, following the forced closure of one gaming floor just two months prior.

In total, 275 positions have been eliminated since the casino opened in August of last year. With the decrease in patronage, Crown Sydney is no longer justifying staying open 24 hours a day and will now operate reduced hours. The new hours will be from 10am to 2am on Monday to Thursday, and until 4am on Fridays. On weekends, the gaming floors will open at 2pm and close at 4am on Saturdays, and 2am on Sundays.

Crown Sydney CEO Mark McWhinnie has stated that the company is working to find alternative roles for the affected staff at their Melbourne and Perth casinos. He expressed the company’s commitment to supporting the impacted team members and their union as they navigate their next steps.

Both Crown Resorts and Star Entertainment, a rival operator, have faced challenges in the past two years following major regulatory penalties against their Australian casinos. Royal Commissions uncovered operational failings related to anti-money laundering and counter-terrorism financing regulations, resulting in significant fines and license suspensions for both companies. In addition, changes to New South Wales’ gambling tax laws have also affected their operations.

The adjustments at Crown Sydney and the struggles faced by both companies are indicative of the ongoing challenges and regulatory changes within the Australian casino industry.