• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Mark Brown quits NagaCorp for ‘other opportunities’

Oct 27, 2014 Newsdesk Latest News, Rest of Asia, Top of the deck  


Mark Brown quits NagaCorp for ‘other opportunities’

Mark Brown has tendered his resignation as chief operating officer of NagaWorld Ltd with effect from October 26. The announcement was made over the weekend by parent NagaCorp Ltd.

“The company has accepted his resignation for the reason that Mr Brown has fulfilled satisfactorily the job assignments under his employment contract with NagaWorld and has laid the foundation of a VIP market in Macau and [mainland] China,” Cambodia-based casino operator NagaCorp said in a filing to the Hong Kong Stock Exchange.

The firm’s statement added that Mr Brown “has confirmed that he has resigned to pursue other opportunities”, but gave no further details.

Mr Brown, who headed Las Vegas Sands Corp’s operations in Macau from April 2006 to April 2009, was appointed chief operating officer of NagaWorld in December 2013. One of his tasks was overseeing the initial stages of NagaCorp’s casino project near Vladivostok, in Russia.

Prior to his move to NagaWorld, he was senior vice president for strategic development at Wynn Resorts Ltd’s Encore Las Vegas facility.

Commenting on Mr Brown’s departure, Credit Suisse AG said it “should have limited impact on the daily operations of NagaCorp”. Regarding the firm’s goal to expand its international VIP business, analysts Kenneth Fong and Isis Wong noted that NagaCorp had already set up an office in Macau earlier this year to implement the company’s junket network expansion strategy.

“We believe that the Macau junkets are now more open for overseas expansion [as] high-end players may avoid frequent appearance in Macau as a result of the anti-corruption fight; and the new transit visa rule made Macau less accessible to frequent players – NagaWorld could benefit from the spillover from Macau,” the Credit Suisse analysts added.

Following Mr Brown’s resignation, his job responsibilities will be assumed by Lien Trung Phat, managing director for business development (Macau and China) and Mike Ngai, managing director for business development (South East Asia), NagaCorp said.

Mr Lien has worked in Vietnam, South Korea, United States, Southeast Asia, Taiwan, Macau and mainland China, over a career of some 25 years in the gaming industry that has included spells with Venetian Macao and Resorts World Sentosa.

Mr Ngai’s previous work experience includes stints at Venetian Macao and U.S.-based casinos.


  • tweet
Related articles
  • NagaCorp posts US$102mln profit in 2020 despite pandemic
    NagaCorp posts US$102mln profit in...

    Mar 09, 2021  

  • Donaco not mulling sale of Vietnam casino hotel: execs
    Donaco not mulling sale of Vietnam...

    Mar 08, 2021  

More news
  • GLI boss Maida hosting web interviews with casino experts
    GLI boss Maida hosting web interviews...

    Mar 09, 2021  

  • Bloomberry posts positive 4Q EBITDA, rev up 31pct q-o-q
    Bloomberry posts positive 4Q EBITDA,...

    Mar 09, 2021  


Latest News

GLI boss Maida hosting web interviews with casino experts

GLI boss Maida hosting web interviews with casino experts

Mar 09, 2021  

Gaming technology testing service and consultancy, Gaming Laboratories International LLC, known as GLI, is to launch on Thursday (March 11) a series of online interviews featuring its president and...
Read More
NagaCorp posts US$102mln profit in 2020 despite pandemic

NagaCorp posts US$102mln profit in 2020 despite pandemic

Mar 09, 2021  

Bloomberry posts positive 4Q EBITDA, rev up 31pct q-o-q

Bloomberry posts positive 4Q EBITDA, rev up 31pct q-o-q

Mar 09, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“Our recovery is well under way. We look forward to a more meaningful improvement in 2021 should we see further easing of domestic quarantine restrictions and the eventual resumption of travel and tourism across our key markets"

Enrique Razon

Chairman and chief executive of Bloomberry Resorts



Most Popular

  • Lim Kok Thay, GEN Singapore execs in US$1.3mln stock awardLim Kok Thay, GEN Singapore execs in US$1.3mln stock award March 2, 2021
  • Las Vegas Sands to sell off Nevada assets for US$6.25blnLas Vegas Sands to sell off Nevada assets for US$6.25bln March 3, 2021
  • Pansy Ho again cuts stake in MGM Resorts, for US$57mlnPansy Ho again cuts stake in MGM Resorts, for US$57mln March 4, 2021
  • LVS plans to keep U.S. base, stock listing: spokesmanLVS plans to keep U.S. base, stock listing: spokesman March 4, 2021
  • Fitch says LVS Nevada sale a negative, Moody’s keenerFitch says LVS Nevada sale a negative, Moody’s keener March 5, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us