Crown Resorts Appoints John Borghetti as Chairman Amidst Restructuring

The Crown Resorts Group has named John Borghetti as its latest Chairman, taking over for the departing William McSkimming. McSkimming, who guided the company through a time of substantial change and regulatory examination after its purchase by Blackstone, will be leaving his position but staying on the board in a non-executive capacity.

Borghetti, a highly regarded individual with a lengthy and successful career in aviation, brings considerable expertise in management, direction, and oversight to the position. His selection is viewed as an indication that Crown is dedicated to upholding its emphasis on regulatory adherence and ethical practices as it progresses. Borghetti himself stressed the board’s dedication to these core values, in addition to guaranteeing the company’s future expansion and financial success.

The Sydney Crown casino is experiencing a management overhaul following a massive $2 billion AUD (equivalent to $1.33 billion USD) investment to restructure its business and retain its valuable gaming permit.

Crown Resorts has faced a challenging period. Scrutiny has followed them since December 2023 when Victorian gaming authorities initiated an inquiry into accusations leveled against Chief Executive Ciarán Carruthers. Adding to their woes, the firm dismissed 1,000 workers at the end of April.