Frank McFadden, who until recently was the chief operating officer of one of Las Vegas Sands' hotels in Macau, the Venetian Macau Ltd., Was hired by Sociedade Jogos de Macau S.A., a rival casino operator owned by local gambling tycoon Stanley Ho.
The Sands top executive was hired to oversee SJM's business development in the Macau enclave. McFadden has been appointed as the company's president of joint ventures and business development. He was also chief executive of Vienna-based Casinos Austria International Ltd. until 2004.
Las Vegas Sands, is one of the leading international developers of multi-use integrated resorts. It owns The Venetian Resort Hotel Casino and the Sands Expo and Convention Center in Las Vegas and The Sands Macao. The company's controller, Sheldon Adelson, has recently become Stanley Ho's first competition in his 40 years gambling monopoly in Macau.
Macau, was a Portuguese colony that returned to Chinese rule in 1999. It is the only place in China that allows casino gambling. Only two Las Vegas companies were allowed into Macau: Wynn Resorts Ltd. and Las Vegas Sands Corp. Sands, the world's largest gaming company, got established first in Macau, opening in 2004 the luminous Sands Macau, which has so far been very successful.
Email this page
Print this page
Bookmark with del.icio.us
