Crown Resorts sells One Queensbridge for AU$85M
In order to cover its financial issues, Crown Resorts has officially sold One Queensbridge in Melbourne for AU$85m, which equals $57.05m.An Australian gaming and...
Crown Resorts names David Tsai as its new CEO
Crown Resorts, a limited Australian gaming and entertainment group that owns and operates various entertainment complexes, named David Tsai as its new CEO.
With his experience from previous roles at MGM Resorts, including president of MGM Resorts’ Midwest Group and leadership positions at MGM Grand Detroit, MGM Northfield Park, and Gold Strike Casino Resort, Tsai’s strategic background includes senior finance and development roles at Monte Carlo Resort and Casino and Aria Resort and Casino.
Crown chair John Borghetti commented on David’s appointment:
“David is a highly capable, proven, and experienced integrated resorts executive. He has clearly demonstrated his commercial and strategic ability. Together with his strong cultural and team values, David is well positioned to lead the continued transformation, growth, and future success of Crown’s business.”
David Tsai said:
“With the support of our talented and committed team, our goal is for Crown Resorts to be the ultimate entertainment destination in each of our cities, positioning Crown to thrive long into the future.”
Crown Resorts’ regulatory issues
Crown Resorts has been constantly facing different regulatory challenges. Only in 2023, almost AU$500 million was invested into the company to address its penalty issues for avoiding anti-money laundering laws.
Tsai’s appointment comes after Crown Resort’s regulatory issues in Victoria, where the Victorian Gambling and Casino Control Commission fined the company AU$2 million as a result of allowing self-excluded players to play more than 240 times.
Crown Resorts announces its new leadership members
Crown Resorts announced that it has appointed senior executives to key leadership roles to expand the company's success and growth.Previously worked as the CEO for Crown...
