Crown Resorts CEO Ciarán Carruthers is stepping down from his position after a successful tenure of nearly two years. He will remain in the role until 31 December as reported by multiple media outlets. The current President and COO David Tsai is slated to take over starting 1 September, serving until a permanent replacement is found.

During Carruthers’ time at Crown, the casino faced regulatory challenges and government sanctions related to anti-money laundering and counter-terrorism laws. Carruthers led the company through a challenging restructuring process that involved significant job cuts.

The recent executive shuffle at Crown saw Tsai being promoted from his position as head of Crown’s Perth property to an executive role. Brian Pereira was appointed as the interim CEO of Crown Perth, Nicole Pelchen became the chief technology officer, and Gemma Allman joined as the chief government relations officer.

In a statement, Carruthers mentioned that it was the right time for him to move on and explore other opportunities. He expressed pride in the progress made by the company during his tenure, highlighting successful regulatory assessments for Crown Melbourne and Sydney.

As an Irishman, Carruthers was part of a group of high-profile executives recruited by Blackstone following their acquisition of Crown in 2022. Despite challenges, including an investigation regarding his handling of intoxicated customers at the Melbourne Casino, Carruthers was cleared of any wrongdoing in February.

Speaking about his confidence in maintaining licenses in Sydney and Melbourne, Carruthers believed in the continued success of Crown. However, the company is still awaiting the outcome of a review into its Perth operations.

Additionally, Justin Casey, a key figure in the casino operations, is set to retire on 31 August. The changes in leadership signal a new chapter for Crown Resorts as they navigate challenges and opportunities in the industry.