Crown Resorts taps Wynn Macau COO as CEO after Blackstone takeover
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Mr Ciarán Carruthers will replace Mr Steve McCann as its chief executive.
PHOTO: REUTERS
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BENGALURU (REUTERS) - Australian casino operator Crown Resorts on Thursday (July 7) named operations head of Wynn Macau Ciaran Carruthers as its chief executive, replacing Mr Steve McCann weeks after its US$6.3 billion (S$8.85 billion) takeover by private equity Blackstone.
Mr McCann, after taking over the top job in June last year, had led the company through a tough time when its licences were suspended or put under supervision after probes in three Australian states amid claims of shirking anti-money laundering rules and dysfunctional governance.
He also oversaw its flagship Sydney casino win back its gaming licence after a years-long money-laundering scandal, as well as the company's sale to Blackstone, which concluded last month.
Mr McCann will step down from his role in September, the company said.
In Mr Carruthers, Crown has tapped an executive with more than 30 years of experience in the global gaming and hospitality industry. He has previously held senior roles at Sands China and casino resorts in South-east Asia.
Mr Chris Tynan, Blackstone's head of real estate Australia, said: "Blackstone is committed to investing in Crown... Part of that involves bringing in global expertise to complement the existing skills within the business."
Crown also appointed Mr Bill McBeath as chairman of the board, former Virgin Australia CEO John Borghetti as chair of its Sydney business and Mr John van der Wielen as chairman of its Perth operations.
