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Crown Resorts Appoints Tsai as Permanent CEO

Crown Resorts has confirmed David Tsai as its permanent chief executive. Tsai initially took on the role in an interim capacity on September 31, following the resignation of Ciarán Carruthers.
Crown Resorts Appoints Tsai as Permanent CEO
David Tsai has been confirmed as Crown Resorts' permanent CEO, effective pending regulatory approval. Tsai initially became acting CEO on September 1 after Ciarán Carruthers announced his departure in late August, set to be finalized by December 31. Tsai, who joined Crown in December 2022 as CEO of Crown Perth, became president and group COO in August before stepping in as acting CEO.
Tsai’s experience includes nearly three years as president of MGM Resorts’ Midwest Group, as well as roles as president and COO of MGM Grand Detroit and MGM Northfield Park. He has also served as SVP and CFO of Monte Carlo Resort and Casino, and VP of strategic development at Aria Resort and Casino. Tsai previously held senior corporate roles at MGM Resorts, enhancing his extensive leadership background in the industry.

Crown chair back Tsai to lead continued transformation

Crown Chair John Borghetti expressed his satisfaction in welcoming "such a talented executive" to the CEO position.
“David is a highly capable, proven and experienced integrated resorts executive,” Borghetti said. “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.”
Tsai also spoke about his appointment as permanent CEO. He said his focus will be on the next phase of transformation and development at Crown.
“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,” Tsai said.

Crown faces further regulatory action in Victoria

Crown’s new appointment follows a recent fine in Victoria, Australia. Earlier this month, the Victorian Gambling and Casino Control Commission imposed a AU$2m (£1.0m/€1.2m/US$1.3m) penalty on Crown for permitting self-excluded players to gamble, a violation of state regulations. The investigation revealed that 242 self-excluded individuals placed bets at Crown Melbourne on multiple occasions, while 427 others gained entry 750 times.

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