Friday, January 28, 2011

Las Vegas Sands' Singapore casino CEO resigns

Tom Arasi, chief executive of Marina Bay Sands, the Singapore casino of U.S. group Las Vegas Sands (LVS.N), has resigned and will leave on Feb. 18, according to a memo seen by Reuters on Friday.

A Marina Bay Sands spokeswoman confirmed Arasi’s resignation but declined to elaborate.

Marina Bay Sands, built at a cost of US$5.5 billion ($7.03 billion), opened its doors last April. It US$242 million in earnings before interest, tax, depreciation and amortisation for the quarter ended Sept 30, Las Vegas Sands said on Oct 27.
 
The U.S. casino group will report fourth-quarter results on Feb 3.
 
 

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