• 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
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Ed Tracy to retire as Sands China CEO

Jan 16, 2015 Newsdesk Latest News, Macau, Top of the deck  


Ed Tracy to retire as Sands China CEO

Edward Tracy (pictured), president and chief executive officer of Macau casino operator Sands China Ltd, is to retire with effect from March 6, the firm said on Friday in a filing to the Hong Kong Stock Exchange.

But he is being hired by the company as a consultant with effect from March 7, added the statement.

Mr Tracy served as president and chief operating officer (COO) of the company from July 2010 to July 2011 and served as a special advisor to the Sands China capital expenditure committee from March 2011 to July 2011.

He was appointed to his current role and as a director of the company in July 2011.

“Mr Tracy will continue to work with the senior management team during the transition and consultancy,” said Sands China, adding the executive had confirmed that he has “no disagreement with the board, and there are no matters that need to be brought to the attention of the shareholders of the company in respect of his retirement”.

The filing added that the Sands China board was likely at its meeting on January 23 to hear recommendations from its nomination committee regarding suitable candidates for the CEO role.

“We expect the transition to be smooth and do not expect this news to have any major impact on fundamentals, including the schedule for new projects,” wrote D.S. Kim, a Hong Kong-based investment analyst at JP Morgan Asia Pacific Equity Research, in a note to investors.

The next major project from Sands China is a US$2.7-billion French-themed resort called The Parisian, which will include a scale replica of the Eiffel Tower. In October senior management of Sands’ parent company Las Vegas Sands Corp said the property was likely to have a soft opening – of hotel rooms only – in November or December 2015, and a full opening, including the casino, in March 2016.

Sheldon Adelson, chairman of Las Vegas Sands, said in a statement on Mr Tracy’s departure: “Ed has played an important part in our growth and success in Macau and we will always be grateful for his many contributions. We wish him the very best as he returns to the United States to focus on his family and his health.”

Mr Tracy’s work included spearheading the opening of Sands China’s approximately US$4.2-billion Sands Cotai Central resort in April 2012.

Mr Adelson’s statement added: “Among Ed’s many accomplishments was building a team of senior leaders who will help carry our momentum forward. As we conduct a search for Ed’s replacement, we have every confidence our existing team will be both innovative and efficient in managing our business, while at the same time continuing to support the Macau government and its efforts to become a world centre of leisure and tourism through the development of additional non-gaming attractions and amenities. We remain deeply committed to the future of Macau and the more than 28,000 team members there who are a part of the Sands family.”

Michael Leven – who worked as acting CEO for Sands China for a period prior to Mr Tracy’s 2011 appointment – retired as president and COO of Las Vegas Sands at the end of 2014.

(Updated at 5.10pm)


  • tweet
Related articles
  • Sands wants extra hotel in Cotai Expo expansion: report
    Sands wants extra hotel in Cotai Expo...

    May 24, 2023  

  • SJM Holdings CEO Ambrose So to retire in June
    SJM Holdings CEO Ambrose So to retire...

    Apr 28, 2023  

More news
  • China Politburo meeting key for any policy shift: UBS
    China Politburo meeting key for any...

    Jun 07, 2023  

  • L&W building game content across 3 pillars: Ken Jolly
    L&W building game content across 3...

    Jun 07, 2023  


Latest News

China Politburo meeting key for any policy shift: UBS

China Politburo meeting key for any policy shift: UBS

Jun 07, 2023  

Chinese government policies relevant to investors and consumers might “turn more positive” if the country’s economic-growth momentum “continues to weaken”, says a note from...
Read More
L&W building game content across 3 pillars: Ken Jolly

L&W building game content across 3 pillars: Ken Jolly

Jun 07, 2023  

G2E Asia 2023: Singapore

  • L&W building game content across 3 pillars: Ken Jolly
    L&W building game content across 3 pillars: Ken Jolly

    Jun 07, 2023  

    Casino gaming content and hardware provider Light &...
  • ETGs rapid growth segment in Asia: Interblock Michael Hu
    ETGs rapid growth segment in Asia: Interblock Michael Hu

    Jun 06, 2023  

    Electronic table games (ETGs) supplier Interblock dd is...
  • GLI offering RNG test tools, cybersecurity demand growing
    GLI offering RNG test tools, cybersecurity demand growing

    Jun 05, 2023  

    Random number generator (RNG) testing tools are among the...
  • Alfastreet’s new Verso cabinet heading to Asian markets
    Alfastreet’s new Verso cabinet heading to Asian markets

    Jun 01, 2023  

    Alfastreet, a manufacturer of electronic gaming machines,...
  • Sega Sammy Creation growing land-based, eyes online
    Sega Sammy Creation growing land-based, eyes online

    Jun 01, 2023  

    Casino equipment maker Sega Sammy Creation Inc is tweaking...
  • iGaming growing in Asia, ops tackling challenges: Uplatform
    iGaming growing in Asia, ops tackling challenges: Uplatform

    Jun 01, 2023  

    The iGaming segment in Asia “has grown rapidly” since...
  • ‘See before you play’ slot marketing tool, say tech suppliers
    ‘See before you play’ slot marketing tool, say tech...

    May 31, 2023  

    Showing slot machine players – via animations on the...
  • Macau stocks tied to China outlook: Bloomberg analyst
    Macau stocks tied to China outlook: Bloomberg analyst

    May 31, 2023  

    Macau stocks in likelihood “have been punished too much...
  • Investors still eye possible fresh IR locations in Japan: scholar
    Investors still eye possible fresh IR locations in Japan:...

    May 31, 2023  

    There are foreign companies still interested in investing...
  • Thai casino law possible in 2024, IR in 2030: govt adviser
    Thai casino law possible in 2024, IR in 2030: govt adviser

    May 31, 2023  

    Thailand could pass the necessary enabling legislation for...
  • China still ‘critical’ to Asian markets: G2E Asia panel
    China still ‘critical’ to Asian markets: G2E Asia panel

    May 30, 2023  

    China will remain a key market for Asian gaming...
  • Much interest in state casinos sale, says Pagcor boss Tengco
    Much interest in state casinos sale, says Pagcor boss

    May 30, 2023  

    Alejandro Tengco (pictured in a file photo), chairman and...
  • Gaming industry in for a very exciting period: Bill Miller
    Gaming industry in for a very exciting period: Bill Miller

    May 30, 2023  

    There are “plenty of reasons” for the global gaming...
  • IGT flags route to high-performing games for Asia
    IGT flags route to high-performing games for Asia

    May 30, 2023  

    Gaming equipment provider International Game Technology Plc...
  • G2E Singapore trade show, conference begins today
    G2E Singapore trade show, conference begins today

    May 30, 2023  

    The Global Gaming Expo (G2E) Asia 2023 Special Edition:...
  • Novomatic’s Black Edition II cabinets at G2E in Singapore
    Novomatic’s Black Edition II cabinets at G2E in Singapore

    May 29, 2023  

    Austria-based gaming equipment maker and operator Novomatic...
  • Uplatform to show latest iGaming products at G2E Singapore
    Uplatform to show latest iGaming products at G2E Singapore

    May 25, 2023  

    Sports betting and online casino operating platform...
  • L&W ambition to be No1 in Asia well on its way: SVP gaming
    L&W ambition to be No1 in Asia well on its way: SVP...

    May 24, 2023  

    The business performance in Asia of gaming content and...
  • G2E Singapore expecting 6k visitors, 100+ exhibitors
    G2E Singapore expecting 6k visitors, 100+ exhibitors

    May 18, 2023  

    The organisers of Global Gaming Expo (G2E) Asia 2023...
  • ‘Dragon Unleashed’ slot link by L&W at G2E in Singapore
    ‘Dragon Unleashed’ slot link by L&W at G2E in...

    May 17, 2023  

    Gaming content and equipment supplier Light & Wonder...
  • Sega Sammy Creation new multi-ETG at G2E in Singapore
    Sega Sammy Creation new multi-ETG at G2E in Singapore

    May 16, 2023  

    Casino equipment maker Sega Sammy Creation Inc is to...
  • Aristocrat at G2E Asia in Singapore previews Year of Dragon
    Aristocrat at G2E Asia in Singapore previews Year of Dragon

    May 09, 2023  

    Casino slot machine and digital gaming content provider...
  • IGT ‘Prosperity’ link in Asia show debut G2E in Singapore
    IGT ‘Prosperity’ link in Asia show debut G2E in...

    May 05, 2023  

    The Global Gaming Expo (G2E) Asia event in Singapore is the...
  • Thai parliament adviser on casinos attending G2E Singapore
    Thai parliament adviser on casinos attending G2E Singapore

    May 04, 2023  

    An adviser to a Thailand parliamentary committee mulling...

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”We’ve said we want to grow EBITDA ... to US$1.4 billion in 2025. And we have a really high level of conviction about getting there”

Matt Wilson

Chief executive of casino equipment provider Light & Wonder



Most Popular

  • Macau GGR in June hit by seasonal slowdown: JP MorganMacau GGR in June hit by seasonal slowdown: JP Morgan June 5, 2023
  • Queen’s Wharf Brisbane opening delayed to April 2024Queen’s Wharf Brisbane opening delayed to April 2024 June 6, 2023
  • China Politburo meeting key for any policy shift: UBSChina Politburo meeting key for any policy shift: UBS June 7, 2023

Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us