Crown Resorts slashes 1000 jobs across Melbourne, Sydney and Perth casinos [Video]

The move will see Crown, which is owned by American investment firm Blackstone and employs about 20,000 people across the three locations, lose around five per cent of its workforce.

9News understands the job losses will mostly be in Melbourne.

Chief executive Ciaran Carruthers said the job losses wouldn’t impact Crown’s approach to its regulatory obligations.

He said the restructuring was due to softer economic conditions and gambling restrictions. 

“The challenges at Crown reflect greatly reduced foreign tourism, a sharp decline in local workers in the city centres, and restrictions on gaming play in Sydney and Melbourne,” Carruthers said.

“We are committed to our regulatory obligations and ongoing transformation, including Crown PlaySafe, Melbourne and Sydney Transformation Plans and ongoing remediation in Perth.

“This was a difficult decision, but we are focused on …