{"id":286804,"date":"2023-08-25T06:49:13","date_gmt":"2023-08-25T11:49:13","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=286804"},"modified":"2023-08-27T13:35:00","modified_gmt":"2023-08-27T18:35:00","slug":"crown-resorts-entain-plan-layoffs-in-australia-amid-company-rejigs","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/crown-resorts-entain-plan-layoffs-in-australia-amid-company-rejigs\/","title":{"rendered":"Crown Resorts, Entain Plan Layoffs in Australia Amid Company Rejigs"},"content":{"rendered":"

Two of the most formidable players in Australia\u2019s gambling space are making changes. Crown Resorts is shrinking its Crown Sydney<\/a> property, and the online gaming giant Entain plans to cut up to 80% of its in-country staff.<\/p>\n

\"The
The facade of the Crown Sydney property in Australia. It is one of two gaming companies laying off workers amid reorganizations. (Image: Crown Resorts)<\/figcaption><\/figure>\n

The changes come amid different attitudes at the companies. Crown Resorts<\/a> is still struggling over massive fines for knowingly doing business with money launderers and war criminals. Entain has reportedly experienced growth in the country but plans to eliminate redundant positions.<\/p>\n

It isn\u2019t clear if these are permanent cuts or if there\u2019s a chance the hundreds of employees being let go will have a chance to return. The losses are part of a trend in Australia that saw the unemployment rate increase from 0.2% in July to 3.7%, according to the country\u2019s Bureau of Statistics.<\/p>\n

Crown Closes VIP Room<\/h2>\n

Crown closed its \u201cMahogany\u201d level at the Crown Sydney property, according to The<\/em> Sydney Morning Herald<\/em>. This was one of two VIP areas in the casino, and new Crown owner Blackstone decided it had to go dark temporarily.<\/p>\n

A company representative blamed the closure on \u201cmacroeconomic challenges\u201d facing the Australian economy. The casino is in New South Wales, which is raising the point of consumption tax<\/a> gaming companies have to pay.<\/p>\n

\n

No mention was made of the hundreds of millions of dollars Crown has had to pay to settle the claims of wrongdoing in several Australian states. Blackstone purchased the company two years ago as Crown responded to the accusations and has needed to find a way<\/a> to make its $6.6-billion investment pay off.<\/p>\n<\/div>\n

The Crystal level of the casino is still open, offering gamblers 160 gaming tables and over 66 electronic gaming machines.<\/p>\n

But while gamblers can still find a place at Crown Sydney, the same isn’t true for some employees. As many as 95 workers are out of jobs due to the closure. Blackstone said that some Crown Sydney employees might be able to find a spot on the payroll at either Crown Melbourne or Crown Perth.<\/p>\n

Entain Layoff Discrepancies<\/h2>\n

Entain is experiencing \u201crapid growth in Australia,\u201d according to a company statement. Despite its stronger results and the great success of its takeover of Tab NZ<\/a> in New Zealand, it\u2019s letting workers go.<\/p>\n

The changing environment will result in \u201ca small number of redundancies\u201d of positions in Australia. Exactly how many depends on who is providing the information.<\/p>\n

The Australian Financial Review said that more than 50 positions have been eliminated. Other sources told the media outlet that the figure is closer to 80. But another source puts the number higher.<\/strong><\/p>\n

Last month, WPT Global Senior Marketing Manager Andrea King said in a LinkedIn post that the figure could be as high as 80%. King was a marketing manager at Entain until February of this year.<\/p>\n

Entain has been busy making several acquisitions in different markets over the past couple of years, most recently finalizing the purchase<\/a> of Poland\u2019s STS Holdings. As it reportedly leveraged much of the business to continue its M&A efforts, the employees who helped it get to where it is are paying the price.<\/p>\n","protected":false},"excerpt":{"rendered":"

Two of the most formidable players in Australia\u2019s gambling space are making changes. Crown Resorts is shrinking its Crown Sydney property, and the online gaming giant Entain plans to cut up to 80% of its in-country staff. The changes come amid different attitudes at the companies. Crown Resorts is still struggling over massive fines for […]<\/p>\n","protected":false},"author":64,"featured_media":286803,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810],"tags":[81985,13363,87579],"acf":[],"yoast_head":"\nCrown Resorts, Entain Plan Layoffs in Australia Amid Company Rejigs - Casino.org<\/title>\n<meta name=\"description\" content=\"Crown Resorts and Entain plan layoffs in Australia amid company rejigs and reorganizations to meet a changing market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/crown-resorts-entain-plan-layoffs-in-australia-amid-company-rejigs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crown Resorts, Entain Plan Layoffs in Australia Amid Company Rejigs - Casino.org\" \/>\n<meta property=\"og:description\" content=\"Crown Resorts and Entain plan layoffs in Australia amid company rejigs and reorganizations to meet a changing market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/crown-resorts-entain-plan-layoffs-in-australia-amid-company-rejigs\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-25T11:49:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-27T18:35:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/08\/The-facade-of-the-Crown-Sydney-property-in-Australia.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1350\" \/>\n\t<meta property=\"og:image:height\" content=\"773\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Erik Gibbs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Erik Gibbs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/crown-resorts-entain-plan-layoffs-in-australia-amid-company-rejigs\/\",\"url\":\"https:\/\/www.casino.org\/news\/crown-resorts-entain-plan-layoffs-in-australia-amid-company-rejigs\/\",\"name\":\"Crown Resorts, Entain Plan Layoffs in Australia Amid Company Rejigs - Casino.org\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/crown-resorts-entain-plan-layoffs-in-australia-amid-company-rejigs\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/crown-resorts-entain-plan-layoffs-in-australia-amid-company-rejigs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/08\/The-facade-of-the-Crown-Sydney-property-in-Australia.jpg\",\"datePublished\":\"2023-08-25T11:49:13+00:00\",\"dateModified\":\"2023-08-27T18:35:00+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/21bf33e35290a1da9c572298dac6b7ca\"},\"description\":\"Crown Resorts and Entain plan layoffs in Australia amid company rejigs and reorganizations to meet a changing market.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/crown-resorts-entain-plan-layoffs-in-australia-amid-company-rejigs\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/crown-resorts-entain-plan-layoffs-in-australia-amid-company-rejigs\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/crown-resorts-entain-plan-layoffs-in-australia-amid-company-rejigs\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/08\/The-facade-of-the-Crown-Sydney-property-in-Australia.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/08\/The-facade-of-the-Crown-Sydney-property-in-Australia.jpg\",\"width\":1350,\"height\":773,\"caption\":\"The facade of the Crown Sydney property in Australia. 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