Crown Sydney CEO Simon McGrath to step down in September

Home » Crown Sydney CEO Simon McGrath to step down in September

According to Australian media reports, Crown Sydney Chief Executive Simon McGrath will resign next month.
Crown confirmed that the casino and group head of hospitality will step down in September, following his appointment late last year.
Crown Resorts’ new owner, Blackstone, plans to replace him “soon.” According to the Australian Financial Review, the company’s chosen candidate will most likely be from Macau.

Importing another executive from Asia would complement Crown Resorts’ recent appointment of Ciarán Carruthers as CEO. He was the COO of Wynn Macau before joining the company.

Meanwhile, McGrath’s other position as group head of hospitality is said to be vacant as Blackstone looks to shake up Crown Resorts.

But, for the time being, the company bid McGrath farewell, praising his contributions to the company. A spokesperson specifically mentioned the recent opening of Crown Sydney’s VIP casino.

“Simon has made an important contribution to Crown Sydney during his time as CEO, including overseeing the successful opening of Australia’s only VIP members-only casino,” a spokesperson said, according to the Sydney Morning Herald.

Following shareholder approval in May, Blackstone completed a AU$8.9 billion (US$6.2 billion) acquisition of Crown Resorts in June.

Former CEO Steve McCann stated shortly before his resignation that “with Blackstone’s investment and expertise, we’re confident Crown will cement its place on the global stage as one of the world’s leading owners and operators of integrated resorts.”

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