Edward Tracy
Chief Executive Officers Edward Tracy, from Sands China Ltd., and Steve Wynn of Wynn Resorts Ltd. are among the top 100 best-performing CEOs in the world – according to a list compiled by Harvard Business Review.
Edward Tracy first served as the president and chief operating officer of Sands China from July 2010 to July 2011, having been appointed the company’s CEO on July 27, 2011.
Mr Tracy has over 20 years of hands-on management and development experience in the gaming and hospitality industries. He served as chairman and CEO of Capital Gaming, a multi-jurisdictional manager and developer of regional casinos. He also served as CEO for famous businessman Donald Trump, at Trump Organization. Prior to that, Edward Tracy served as vice president and general manager of the Sands Hotel and Casino in San Juan, Puerto Rico, according to Reuters.
He began his career in the hotel industry during his five-year tenure (1978-1982) following the inception of Hotel Investors Trust, serving in several executive hotel management positions. Edward Tracy arrived in Macau back in 2010, and his accomplishments are quite impressive for someone who had little prior experience in the China market. This was proven last year when he appeared in Inside Asian Gaming Magazine’s article on the top ten most influential personalities in the gaming industry across Asia. The publication sees him as “the pilot in the engine room of the Las Vegas Sands money machine.”
The magazine also highlighted his strategy for attracting a number of Hollywood stars to the city, and for bringing several pop star shows and boxing matches to The Venetian Macao.
Steve Wynn
American casino magnate Stephen A. Wynn is the chairman of the board and CEO of Wynn Resorts Ltd. He is also chairman and CEO of local casino operator Wynn Macau Ltd, a majority owned subsidiary of the company. He made a significant profit revitalizing the Las Vegas Strip, Forbes wrote, and owns four properties in Nevada and Macau. Wynn developed the famous Mirage and Bellagio as well as Wynn Las Vegas, and later his property in Macau.
Wynn Palace will be his first property on the Cotai Strip. The USD4 billion resort project will be reminiscent of the Las Vegas Bellagio, the CEO revealed last year.
In a statement, Wynn Resorts recalled that “this prestigious recognition is based on quantitative data, while evaluating which CEOs delivered the most concrete results during their tenure.”
The Harvard Business Review annual ranking looks at over 3,000 CEOs across the globe. Three metrics are incorporated in this analysis, namely industry-adjusted shareholder returns, country-adjusted shareholder returns and increase in market capitalization.
CEO of Amazon, Mr Jeffrey Bezos, was ranked 1st best-performing CEO, followed by John Martin, from Gilead Sciences, and John Chambers from Cisco Systems. Mr Steve Wynn was ranked 17th top performing CEO this year, and Mr Edward Tracy ranked 96th. CP
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