ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Travel & Leisure

Crown taps Wynn Macao COO as top boss after Blackstone takeover

Ciaran Carruthers replaces Steve McCann as Australian casino operator's CEO

Crown Resorts also appoints Bill McBeath as chairman of the board.   © Reuters

(Reuters) -- Australian casino operator Crown Resorts on Thursday named operations head of Wynn Macao, Ciaran Carruthers, as its chief executive officer, replacing Steve McCann weeks after its $6.3 billion takeover by private equity Blackstone.

McCann, after taking over the top job in June last year, had led the company through a tough time when its licenses 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 license after a yearslong money-laundering scandal, as well as the company's sale to Blackstone which concluded last month.

McCann will step down from his role in September, the company said.

In 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 1928.HK and casino resorts in Southeast Asia.

"Blackstone is committed to investing in Crown," said Chris Tynan, Blackstone's head of real estate Australia. "Part of that involves bringing in global expertise to complement the existing skills within the business."

Crown also appointed Bill McBeath as chairman of the board, former Virgin Australia CEO John Borghetti as chair of its Sydney business and John van der Wielen as chairman of its Perth operations.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more