• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 26 September 2023
    • 中文
    • 日本語
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

2019 Asian Gaming Power 50: Number 8 – Wilfred Wong

Newsdesk by Newsdesk
Thu 7 Nov 2019 at 14:40
2019 Asian Gaming Power 50: Number 29 – John Alexander
27
SHARES
674
VIEWS
Print Friendly, PDF & Email

EXECUTIVE DIRECTOR, PRESIDENT AND CHIEF OPERATING OFFICER
Sands China Ltd

POWER SCORE: 2,623
POSITION LAST YEAR: 7

CLAIMS TO FAME
• Sands China’s first Chinese president
• Experience in construction and property development
• Well-connected politically

Considered a politically astute acquisition when he first joined Sands China as President and COO in 2015, Wilfred Wong may well pay his dues and more over the coming years as the company enters into the all-important re-tendering process for a Macau casino license.

While the details of that process are yet to be made public, rest assured Dr Wong will play a key role in any discussions the city’s most prominent casino operator holds with the powers that be both at home in Macau and further abroad in Beijing – particularly given the delicate position the American-owned company faces thanks to the ongoing US-China trade war.

Needless to say, this 67-year-old has connections aplenty. Prior to joining Sands China, Dr Wong held positions in top management at K Wah International Holdings – the parent company of Macau rival Galaxy Entertainment Group – under Lui Che Woo; at Henderson China Holdings, a privately owned, Hong Kong-based company engaged in property development and management in the PRC; at Shui On Group, whose holdings include property development, construction and construction materials in Hong Kong and on the mainland; and at Synergis Holdings, a Hong Kong-listed subsidiary of Hsin Chong specializing in property management and maintenance.

More recently he chaired the board of directors of Hong Kong-based Hsin Chong Construction Group, which was contracted by Sands China on all of its Macau IR projects.

That experience alone has surely come in handy in recent times with Sands having embarked on an ambitious US$2.2 billion transformation of Sands Cotai Central into The Londoner Macao – making it the company’s third themed casino resort alongside The Venetian Macao and The Parisian Macao once complete in 2021.

Meanwhile, under his watch, Sands China has reclaimed its place as Macau market share leader in 2019, with analysts putting its GGR share at 23.2% in 2Q19 ahead of main rival Galaxy at 20.6%. Notably, while the bulk of Macau’s operators lost traction in the quarter due to a range of headwinds – namely the trade war and a slumping Chinese economy – Sands not only held firm but managed to book a small 1.4% increase in revenue to US$2.15 billion and 2.0% increase in Adjusted EBITDA to US$765 million.

Discussing the reasons behind such solidity during a September interview with local broadcaster TDM, Dr Wong pointed to the company’s “mature mass market” segment, stating “we are probably more insulated to many of the VIP segment impacts” than its rivals.

Indeed, 12 years after it opened, The Venetian Macao continues to stand as one of the city’s most popular tourist attractions, while strong growth at The Parisian suggests a similar trend developing next door.

According to Sands China, base win on its mass market tables actually grew 14.7% in 2Q19, pushing the segment’s contribution to the company’s bottom line up from 53% 12 months earlier to 56% this time around.

No wonder The Londoner concept looks so appealing. Fluent in English, Cantonese and Mandarin, Dr Wong understands better than most the importance of broadening Macau’s appeal to the wider Chinese tourist market and the opportunities this can bring long into the future.

For the full list of 2019 Asian Gaming Power 50 winners, click here.

Share11Share2
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Winning margins: how Macau is set to become more profitable than ever before

Editorial – Winning margins: how Macau is set to become more profitable than ever before

by Ben Blaschke
Wed 30 Aug 2023 at 08:49

If there were two key takeaways from the recent Q2 earnings season in Macau, they were that margins in 2023...

PAGCOR’s Alejandro Tengco

PAGCOR’s Alejandro Tengco

by Andrew W Scott
Tue 29 Aug 2023 at 13:24

IAG sits down with PAGCOR Chairman and CEO Alejandro Tengco to discuss his 12 months in the job and ambitions...

A September to remember

A September to remember

by Ben Blaschke
Tue 29 Aug 2023 at 12:37

IAG presents the first ever Super September, comprising the IAG Academy Summit and two exciting networking events at Manila’s Newport...

2023  IAG Academy IR Awards: Official Nominations

2023 IAG Academy IR Awards: Official Nominations

by Newsdesk
Mon 28 Aug 2023 at 18:50

Winners will be announced at the 2023 IAG Academy IR Awards Gala Dinner, to be held in The Ballroom at...

Softswiss
Evolution Asia
Aristocrat
Solaire
Evoplay
Hann
Hann
Okada Manila
BETER
Okada Manila

Related Posts

The 2022 Asian Gaming Power 50 list

Thriller in Manila

by Ben Blaschke
Thu 8 Dec 2022 at 15:21

In 2022, IAG’s annual Asian Gaming Power 50 Black Tie Gala Dinner moved out of Macau and into the Philippines for the first time in its 15-year history.

The 2022 Asian Gaming Power 50

by Andrew W Scott
Mon 14 Nov 2022 at 02:48

Long established as the definitive list of the most influential figures and personalities in the regional industry, IAG’s Asian Gaming Power 50 celebrates its 15th anniversary in 2022.

2022 Asian Gaming Power 50: Meet the panel

2022 Asian Gaming Power 50: Meet the panel

by Newsdesk
Mon 14 Nov 2022 at 01:54

IAG introduces the eight members of the judging panel who have determined this year’s Asian Gaming Power 50 list.

The 2022 Asian Gaming Power 50 list

The 2022 Asian Gaming Power 50 list

by Newsdesk
Mon 14 Nov 2022 at 01:26

The countdown begins! IAG’s full list of the men and women who made our industry tick in 2022.



IAG

© 2005-2023
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Consulting
  • Magazines
  • Advertise
  • Contact
  • About

© 2005-2023
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語