Crown Melbourne CEO Xavier Walsh steps down

Crown Melbourne CEO Xavier Walsh steps down

Xavier Walsh, the CEO of Crown Resorts' (ASX: CWN) Melbourne hotel and casino, will cease in his role from 20 August as the company makes its submissions to the Royal Commission in Victoria today.

In a short statement to the ASX, Crown said Walsh will remain available to assist the company until his employment at Crown ends on 9 December.

Walsh joined Crown in 2008, working on secondment as the COO of Cannery Casino Resorts which operated in Nevada and Pennsylvania in the US before returning to Australia.

In 2013 he took up the COO position at Crown Melbourne, and was appointed as CEO of the Melbourne business in December last year.

The company says it will announce an interim appointment for the role of CEO Crown Melbourne following consultation with the Victorian Commission for Gambling and Liquor Regulation.

The news comes in the lead up to the Victorian Royal Commission into the gambling giant which will hear submissions from Crown Resorts and Crown Melbourne.

That inquiry, which is examining allegations of misconduct against Crown, will hand down its recommendations on 15 October.

The evidence has heard that forensic analysis had uncovered numerous suspicious transactions across several Crown accounts, more than the two now closed accounts that were previously subject to money laundering allegations.

Meanwhile, CWN is subject to another Royal Commission in Perth where it will be determined whether the company is suitable to hold a casino licence in Western Australia.

The departure of Walsh also comes just under a week after the company paid $61 million in unpaid taxes and associated penalties to the Victorian Government and reopened its gaming and non-gaming operations in Melbourne following a circuit breaker lockdown in Victoria.

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