Macau and Win Macau Limited, a local casino operator, announced that starting March 1 next year, Ian Coughlan will be replaced as president by industry-experienced Linda Chen.
The Hong Kong-listed company said in an official press release Wednesday that Mr. Chen, 55, is currently serving as chief operating officer and vice chairman and will retain this latter position after being promoted to the new position. The company announced that the move follows Mr. Coghlan's decision to "transition to his role as an adviser and non-executive director of the company" after more than six years in the top job.
Win Macao Limited, which is mostly owned by U.S. casino giant Win Resorts Limited, is responsible for developing 1,000-room Win Macao and larger Win Palace co-tai. The company recently said it is now reconsidering whether to implement a previously detailed plan to expand these two notable locations following the business downturn caused by the coronavirus pandemic.
Chen was appointed executive director of this latter company about seven years after he was appointed chief operating officer of win resort macao SA, which holds the Macau gaming license of win macao limited in June 2002. She was appointed vice president of casino operators in April 2018 after serving as president for a year for her local parents.
Craig Billings is the chief executive of Wynn Resorts Limited and he thanked Coglan in a press release for his "predatory leadership" and "unrelenting commitment to establishing brand excellence and our deep-rooted culture." The Las Vegas-based management also maintained its non-executive position on the board, declaring it was 'delighted' that Coghlan, 63, had agreed to 'continue as an adviser to the company'.
"Linda's leadership throughout the many stages of our development in Macau has been important to our success and she will work with Ian for a smooth transition. I look forward to working closely with Linda and our talented management team in the future."
WinMacao Limited also concluded by arguing that Coghlan had "no disagreement with the board" and that there were "no issues related to these changes" that required the attention of shareholders or the management of the Hong Kong exchange, and that a senior management figure from the former Ritz-Carlton joined in 2007 and would serve as an advisor "by the end of 2023."
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