Sands China restructures senior leadership team

Las Vegas Sands’ Macau-based subsidiary Sands China has made changes to its senior management team with Grant Chum named CEO and Wilfred Wong appointed executive vice chairman.

Chum assumes the chief executive's office from Robert Goldstein, who will continue to serve the company as chairman and non-executive director, alongside his role as CEO of parent company LVS.

Chum has served as chief operating officer since February 2020, and since July 2022 has concurrently served as executive vice president of Asia operations at LVS.

He joins LVS and Sands China as senior vice president of global gaming strategy in July 2013, and served as chief of staff from March 2015 until February 2020. Prior to joining the group, Chum spend 14 years at UBS Investment Bank.

Wong has served as Sands China president since February 2020, and will assume the new position of executive vice chairman. He was previously chief operating officer from November 2015 until February 2020.

Sands China has also handed extra responsibilities to Dave Sun as executive vice president and chief financial officer, and Dylan Williams as executive vice president, general counsel and company secretary.

Last week LVS reported net revenue of $2.92 billion for the fourth quarter of 2023, with revenue from Sands China soaring 323 per cent to $1.86 billion.

LVS owns a 70 per cent majority stake in Sands China, which is one of six concessionaires in Macao and operates The Venetian Macao, The Plaza Macao, The Londoner Macao, The Parisian Macao, and Sands Macao.

Shares in Las Vegas Sands Corp (NYSE:LVS) closed 0.24 per cent lower at $50.03 per share in New York Friday.