Macau casino operator Sands China Ltd has appointed Grant Chum Kwan Lock as the firm’s chief operating officer (COO), with effect from Friday (February 21). He will also serve as executive vice president. Wilfred Wong Ying Wai remains as Sands China’s president, stated the company in a Friday filing to the Hong Kong bourse.
Mr Wong has been Sands China’s president since November 1, 2015. He had also served as the firm’s COO since November that year.
Mr Chum was since March 2015 Sands China’s chief of staff, according to Friday’s filing. The executive joined the group in July 2013, then as senior vice president for global gaming strategy at the parent company, U.S.-based Las Vegas Sands Corp.
Prior to joining Las Vegas Sands, Mr Chum was engaged in various roles at UBS Investment Bank for 14 years, including working as the bank’s head of Hong Kong equity research from 2010 to 2013, and head of China equity research from 2007 to 2010, noted Friday’s filing. Mr Chum was also responsible for Asia gaming equity research from 2006 to 2013 for UBS.
In Friday’s filing, Sands China stated that Mr Wong was reappointed as the firm’s president, a role aimed at helping the company reach “strategic objectives” in Macau as well as in the Guangdong-Hong Kong-Macau Greater Bay Area.
The same filing also announced that Dylan James Williams will become Sands China’s general counsel, in addition to his role as company secretary. He had served as Sands China’s senior vice president of legal and company secretary since January 2017.
Apr 03, 2020Kangwon Land, the only casino resort in South Korea where the country’s nationals are allowed to gamble, has decided to extend – for a sixth time – the temporary closure of its gaming venue....
"The casinos have to operate 24 hours a day, 365 days a year. The decision [to suspend casino operations] is up to the government. As of now, we don’t have any plan to change the existing regulations"
Lei Wai Nong
Macau Secretary for Economy and Finance