Hubert Wang joins Sands China as chief operating officer

Hubert Wang

Former MGM China president and chief operating officer (COO) Hubert Wang is joining Sands China Ltd. (SCL) today as the company’s new COO, according to an internal memo from Grant Chum, chief executive officer, president and executive director of SCL.

According to the memo reviewed by the Times, Wang will, effective today, join the company’s executive committee while assuming duties in gaming and resort operations, market development, international marketing, loyalty marketing, strategic analysis and operations.

Wang, the former MGM China president and COO, departed the gaming operator, with which he had been working for 14 years, in December last year, returning to a company he knows well and where he had worked in 2007 (Venetian Macao) and three years later (2010) at Singapore’s property Marina Bay Sands. In both cases, Wang was part of the properties’ pre-opening teams.

In the memo, Chum justified the decision to bring Wang on board because of his more than three decades of experience in the gaming and integrated resorts business, as well as his wide and valuable experience in the local market, which would “provide a valuable addition to the executive team as the company continues to strengthen its market leadership through investment in product, service and people.”

According to Chum’s memo, “I am confident Hubert [Wang] will be a valuable addition to our senior executive team as we continue to strengthen our market leadership.”

When he left MGM last year, Wang cited “personal aspirations” as the reason for his resignation after 14 years with the company. At MGM, Wang succeeded former CEO Grant Bowie, who retired in 2020, and previously served as vice president of finance and COO before assuming broader responsibilities.

Rob Goldstein cashes out USD12.8 million from LVS share sale

Former chairman and CEO of Las Vegas Sands Corp. (LVS), Rob Goldstein, sold about 250,000 shares in the casino group, cashing out approximately USD12.8 million (MOP103.3 million).

The news broke through a filing lodged with the U.S. Securities and Exchange Commission late last week.

Goldstein acquired the shares earlier this year as compensation in the form of restricted stock units, with 65,167 shares acquired on February 3 and 184,833 on March 1, ahead of his retirement.

The sale was already expected since last year, when he sold 300,000 shares of the company’s common stock. At the time, it was already said that he was expected to “sell more and possibly all” of his holdings in the company as he retired from his previous roles and transitioned to a senior adviser role, which he has held since March this year and for two years.