CHIEF OPERATING OFFICER, MACAU RESORTS
Melco Resorts and Entertainment
City of Dreams, Macau
POWER SCORE: 731
POSITION LAST YEAR: 39
CLAIMS TO FAME
- Tapped to turn around City of Dreams Macau after C-level stints with Caesars and Wynn in Las Vegas, Resorts World Sentosa and Sands China
- Oversees Melco’s entire Macau portfolio
- Joined Melco as Studio City Property President in 2016
Before COVID-19 hit, David Sisk appeared well on his way to accomplishing his primary objective of reviving City of Dreams as a top premium player destination in Macau. Since Melco Chairman and CEO Lawrence Ho named Sisk COD Property President at the start of 2018, its reported VIP roll increased 23%, including 29% last year, while the overall market fell.
Over those same two years, COD’s mass table drop grew 22%, though only by 10% last year, four percentage points below the market trend. COD’s 2019 non-gaming revenue for 2019 was up 32%, overall revenue rose 20% and EBITDA increased 22%.
The 15 June 2018 opening of Morpheus has boosted COD, with more hotel reinforcements coming in what Melco terms phase three of the integrated resort’s evolution. Plans are on the drawing board to rebrand Countdown, the former Hard Rock, as Libertine, and renovation of Nüwa, the former Crown, has begun. The House of Dancing Water stage spectacle shut down for restaging is scheduled to reopen next year.
In September last year, Sisk added oversight of all Melco Macau resorts to his portfolio. That includes Studio City, where Sisk served as Property President when he joined Melco in September 2016. Despite the pandemic revenue drought, work has continued on Studio City phase two, aiming to exploit its strategic position near the Lotus Bridge border gate from Hengqin Island, which will have a Macau light rail connection. But for now, CoD remains the key for Melco, accounting for 54% of revenue and 55% of EBITDA last year, and so, the key for Sisk.
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