Mar 31, 2021 Newsdesk Latest News, Macau, Top of the deck  
Macau casino operator Sands China Ltd’s president and executive director Wilfred Wong Ying Wai (pictured in file photo) saw an increase in his executive compensation for 2020, when compared to the previous fiscal year.
Mr Wong – aged 68 and also the highest paid director of Sands China – saw his package for the year ended December 31, 2020 at US$5.69 million: US$2.72 million in salary; and US$2.83 million mainly related to the group’s share-based payment scheme, according to Sands China’s 2020 annual report filed with the Hong Kong Stock Exchange.
Mr Wong received no discretionary bonus in 2020, according to the document.
For fiscal year 2019, Mr Wong received nearly US$4.59 million in compensation: US$2.35 million in salary; US$1.50 million via discretionary bonus; and US$618,000 mainly related to the group’s share-based payment scheme.
Sands China’s shareholders had in June last year unanimously approved a one-year extension of Mr Wong’s contract, to February 2024.
Mr Wong has been Sands China’s president since November 2015. He had also served as the firm’s chief operating officer between November that year and February 2020, when he was replaced in the post by Sands China executive Grant Chum Kwan Lock.
Earlier this month, Sands China’s remuneration committee approved an increase to Mr Chum’s remuneration to US$1.8 million per year, plus an annual incentive of up to US$1.8 million, with effect from March 1, 2021, according to the annual report.
Mar 08, 2024
Sep 29, 2023
Apr 19, 2024
Apr 19, 2024
Apr 19, 2024
The deployment of a “smart table” product – combining the use of radio frequency identification (RFID) technology and cameras gathering data for analysis via artificial intelligence (AI) –...(Click here for more)
”Once Solaire North is fully ramped up, and both properties are generating a certain expectation that we have on cash flow… then we will probably launch the Paniman [casino] project”
Enrique Razon
Chairman and chief executive of Bloomberry Resorts