Crown Melbourne boss Xavier Walsh to stand down this month

Crown Melbourne chief executive Xavier Walsh will stand down on August 20 and will depart the company entirely at the end of the year, as the casino’s bloodletting continues in the wake of the Victorian Royal Commission.

The casino giant told investors this morning that Mr Walsh would cease his role as head of Crown Melbourne in just under three weeks, with an interim chief executive set to be appointed in consultation with the Victorian Commission for Liquor and Gambling Regulation.

Xavier Walsh leaving a hearing of the Crown Royal Commission earlier this month. Credit:Eamon Gallagher

The announcement comes ahead of the final day of hearings into Crown’s Melbourne operations.

Mr Walsh’s exit comes in the wake of directors of Crown expressing doubt over whether he was fit to lead the company,after he downplayed evidence at the Victorian Royal Commission into Crown that suggested the group was dodging millions in taxes to the state.

He had only been in the chief executive’s chair since December 2020. Mr Walsh first joined the business in 2008 and has worked in the United States as chief operating officer of Cannery Casino Resorts.

A Crown Resorts spokeswoman declined to comment on Mr Walsh’s reasons for leaving the role.

with Alex Druce

More to come

The Market Recap newsletter is a wrap of the day’s trading. Get it each weekday afternoon.

Most Viewed in Business

Source: Read Full Article