Las Vegas Sands Corp. announced yesterday that Wing Chao has been elected to the company’s board of directors to help the company to expand in Asia. Mr. Chao was most recently the executive vice president of Walt Disney Imagineering. "We are very excited that Wing is joining our board at a time in which our company continues to implement our current development plans and explores future growth opportunities in Asia as well as other parts of the world," said Las Vegas Sands chairman and chief executive officer Sheldon G. Adelson. Mr. Chao retired from Disney in 2009. While there, he oversaw master planning, architecture and development of Disney’s land holdings in California, Florida, Paris, Tokyo and Hong Kong. He also was vice chairman of development for Disney Parks and Resorts, Asia Pacific. Mr. Chao was a key member in the successful negotiation with the French government to build the Paris Disneyland Resort. Subsequently he also played a vital role in the successful negotiation with the Hong Kong government for the Hong Kong Disneyland Resort, which opened in 2005. Also yesterday, Las Vegas Sands Corp. announced that its board of directors has declared a quarterly dividend payment of US$2.50 per share on its outstanding 10 percent Series A Cumulative Perpetual Preferred Stock to stockholders on record at the close of business on July 30, 2010.
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