With the transformation largely complete, McCann said the focus now was on the new team to take the company forward.

“The next phase is really about Blackstone coming in and really grabbing hold of what needs to be done from here, and investing the assets to drive the growth of the business. And I think that phase needs to be a different team. That was always my expectation,” he said.

Crown flagged McCann’s expected exit at the time of the takeover.

McCann was awarded a $2.5 million salary when he joined Crown. He was also entitled to $5.2 million from a one-off grant of 400,000 performance rights that vested with Blackstone’s takeover.

Blackstone executive Chris Tynan paid tribute to McCann for his role in leading Crown’s overhaul.

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“We thank Steve for his leadership over the last 13 months, including implementing a strong reform and remediation plan and improving the culture of Crown Resorts. We wish the best for him as he pursues other opportunities.

“Blackstone is committed to investing in Crown, helping it realise its true potential as a world-class leader in travel and leisure,” Tynan said.

Philip Crawford, chairman of Crown’s regulator - the Independent Liquor and Gaming Authority - also indicated these changes were expected.

“We’ve given probity clearance to quite a lot of people on the Blackstone team,” Crawford said when Crown received conditional approval for a casino licence at Barangaroo last month.

“Their arrangements with Steve McCann and other people are between Blackstone and Crown. That’s not something we need to interfere with. That’s market-driven and commercial,” he said.

Former Virgin Australia boss John Borghetti has been appointed chairman of the Crown Sydney board.

Parent company Crown Resorts is now chaired by Bill McBeath who stepped down as the chief executive of The Cosmopolitan Las Vegas last month after Blackstone sold the business.

The former CEO of HBF Health, John Van Der Wielen, has been appointed chairman of Crown’s Perth operations.