Casino operator Las Vegas Sands Corp announced on Friday that the firm’s executive vice president, Ira H. Raphaelson, will be leaving the company in August.
Mr Raphaelson also serves as global general counsel and secretary for Las Vegas Sands. As global general counsel, Mr Raphaelson oversees the company’s legal affairs around the world.
Las Vegas Sands developed and operates major casinos in the United States, Macau and Singapore.
Las Vegas Sands said it received a written notice from Mr Raphaelson on June 22, informing that he would cease to serve in all of his positions, effective August 21, 2016.
“Mr Raphaelson and the company are party to an employment agreement, dated as of February 18, 2016, which will terminate effective August 21, 2016 in connection with Mr Raphaelson’s departure from the company,” said Las Vegas Sands in a filing to the U.S. Securities and Exchange Commission.
“Certain provisions of Mr Raphaelson’s employment agreement by their terms survive the termination of the agreement,” the firm added.
Mr Raphaelson joined Las Vegas Sands in November 2011 after having served the previous six years as vice president and general counsel at U.S.-based casino equipment and lottery services firm Scientific Games Corp.
Aug 16, 2018Food and drink have been heavily marketed as part of Macau...
Jun 27, 2018Macau’s gaming law needs to be amended in order to...
Jun 25, 2018Electronic casino game distributor Asia Pioneer...
Sep 18, 2018The Macau government has yet to consider whether to make it compulsory for local casinos to suspend operations when Typhoon Signal No.8 or above is hoisted by the local weather bureau. So said on...
”Given that the blanket casino closure [in Macau due to Typhoon Mangkhut] happened on an all-important weekend day… we expect that somewhere between MOP1.1 billion [US$136.2 million] and MOP1.5 billion in GGR will be lost”
Analyst at Union Gaming Securities Asia