Inside Asian Gaming

IAG NOV 2020年11月亞博匯 70 2020 POWER 50 WILFRED WONG PRESIDENT AND EXECUTIVE DIRECTOR Sands China 王英偉 總裁及執行董事 金沙中國 CLAIMS TO FAME 名成事跡 10 POWER SCORE 權能指數: 1,608 POSITION LAST YEAR 去年排名: 8 Macau leader of the Las Vegas Sands’ subsidiary generating majority of group EBITDA Experienced government and political operator with mainland China connections Extensive work in property development • • • • • • 領導著拉斯維加斯金沙集團在澳門的子公司，為集團貢獻大部分EBITDA 擁有政府及政治運作經驗以及與中國大陸的聯繫 具備大量物業發展經驗 WILFRED WONG SAYS HE’S BUSIER THAN EVER despite Grant Chum replacing him as Chief Operating Officer of Sands China. Wong remains Sands China’s President and boss on the ground in Macau for the Las Vegas Sands subsidiary that generated 59% of group EBITDA and 63% of net revenue last year. There’s still plenty of work to do to maintain Sands China’s leadership in Macau, and that mission is more crucial than ever right now. In the age of COVID-19, Macau is the market with the best chance of returning to normal fastest for LVS, given the slow recovery in Las Vegas and the importance of conventions there and at Marina Bay Sands in Singapore. The US$2.2 billion transformation of Sands Cotai Central to The Londoner as well as the conversion of the star crossed Four Seasons serviced apartments into 290 suites has continued throughout the COVID downturn. As customers return, Sands will begin rolling out more components of the reimagined property that includes 370 new suites at the St Regis Tower, also originally intended as serviced apartments, and revamping the previous Holiday Inn into the 600 suite Londoner Hotel plus additional MICE and retail space. Apart from the conversion, Sands has also upgraded gaming areas and created more suites at The Parisian, which has shown surprising appeal beyond its mid-market target. With all of the changes, Sands China will still have more than half the guest rooms in Cotai, though when SJM Holdings opens Grand Lisboa Palace, the Sands share will fall to 49%. It has even greater dominance in retail with nearly 2 million square feet (186,000 square meters), all of it interconnected in the heart of Cotai.