In an announcement sent to the MGM China staff, Pansy Ho, Co-Chairperson and Managing Director announced the new appointments for the gaming operator management following the retirement of the group’s CEO Grant Bowie.
Bowie previously announced resignation this month and will step down from his position starting from May 31, 2020, continuing to act as an advisor of the company until December 31, 2022.
‘I would like to thank him for his years of hard work and dedication to the MGM China group. He will be missed by us and please join me in wishing him the best and an enjoyable retirement,’ Pansy Ho stated in the internal announcement consulted by MNA.
Ho then announced that CFO and President – Hospitality Hubert Zi Qi Wang will be appointed President and Chief Operating Officer overseeing Business Development, Casino Operations, Hospitality, Security as well as Digital & Technology Solutions divisions.
Meanwhile, President – Chief Strategy Officer Kenneth Feng will assume the role of President, Strategic and Chief Financial Officer overseeing Finance, Human Resources, Brand Marketing, Internal Audit as well as Design, Development & Property Operations divisions.
Hubert Wang has been with MGM China since 2011, serving in the senior finance role until putting in charge of hospitality in 2019.
Kenneth Xiaofeng Feng is also the EVP of MGM Asia Pacific (MGM Resorts) and has been with MGM since 2001 in finance and strategy roles.
He has been involved in both MGM China and in MGM’s joint venture with Chinese state-owned hospitality company Diaoyutai State Guesthouse.
Ho also indicated that Senior VP for Legal and General Counsel, Antonio Menano, will have added responsibilities including Surveillance and Security Systems divisions.
‘Hubert, Kenneth and Antonio will report to me as Co-Chairperson and Managing Director of the company. I will be spending more time here and working closely with them and many of you on a day-to-day basis,’ Pansy Ho added.
‘We endeavor to continue to make MGM China the leader in the Macau gaming sector and a great place to work at’
Net revenue generated by MGM China has dropped 63 per cent year-on-year in the first quarter of this year, reaching about US$272 million (MOP2.1 billion), the company’s latest financial report indicated.