Mr. Edward M. Tracy, who is currently serving as
President and Chief Operating Officer of Sands China Ltd., has
been appointed as the company’s President and Chief Executive
Officer, an executive director of the company and a member of the
Parcels 5 and 6 Capital Expenditure Committee.
Mr. Michael A. Leven, who was appointed as
Acting Chief Executive Officer on 23 July 2010, has been
re-designated to Non-Executive Director of Sands China Ltd.
Mr. Tracy has served as President and Chief
Operating Officer of the company since 27 July 2010 and served as
a special advisor on the Parcels 5 and 6 Capital Expenditure
Committee from 1 March 2011 until 27 July 2011. Mr. Tracy has
over twenty years of hands on management and development
experience in the gaming and hospitality industry. His extensive
experience includes serving as Chairman and Chief Executive
Officer of Capital Gaming, a multi-jurisdictional manager and
developer of regional casinos.
Mr. Tracy also
served as Chief Executive Officer of the Trump Organization, which
included all casino, hotel and entertainment entities. During his
tenure at the Trump Organization, he was responsible for managing
over 12,500 employees, 3,000 luxury rooms and 240,000 square feet
of casino space, which produced annual revenues in excess of US$1
billion.
Prior to that, Mr. Tracy served as Vice President and
General Manager of Sands Hotel and Casino in San Juan, Puerto
Rico. And he also served as Vice President and Director of Hotel
Operations for Middex Hospitality, a New York based hotel
development company.
Mr. Tracy began his career in
the hotel industry during his five year (1978-1982) tenure at the
inception of Hotel Investors Trust in which he served in several
executive hotel management positions, including Director of
Operations. Mr. Tracy's experience with Hotel Investors Trust, and
his subsequent experience, has provided him with thorough
knowledge of hotel and casino financing, development, acquisition,
operations and marketing.
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