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Las Vegas Sands to Add UBS Executive Grant Chum to Its Management Team

Jun 17 2013 12:00AM

Marketwire

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LAS VEGAS, NV -- (Marketwired) -- 06/17/13 -- Las Vegas Sands Corp. (NYSE: LVS) today announced that well-respected UBS Investment Bank executive Grant Chum will join the global integrated resort developer as senior vice president of global gaming strategy. He will report to Rob Goldstein, the company's president of global gaming operations.

"We've known Grant for many years and we are all big admirers of his work. To have him join our leadership team is very exciting and we expect he will contribute meaningfully from the moment he starts," said Las Vegas Sands Chairman and Chief Executive Officer Sheldon G. Adelson. "As we continue to review our current businesses, further execute on our plans to return capital to our shareholders and pursue new development opportunities in Asia, Grant will play an important role in helping us maximize the many opportunities ahead of us."

Mr. Chum, who resides in Hong Kong, will continue to be based in Asia and will be involved in a variety of company functions including corporate strategy, gaming operations optimization, shareholder and financial relations, and new development.

Mr. Chum joined UBS in 1999 and currently serves as Managing Director, Head of Hong Kong Equity Research. Between 2007 and 2010 he served as Head of China Equity Research, based in Shanghai. He has been responsible for Asia gaming research since 2006. He graduated from Oxford University with a degree in Philosophy, Politics, and Economics.

Mr. Chum plans on finishing his work at UBS and joining Las Vegas Sands in August of this year.

About Las Vegas Sands
Las Vegas Sands (NYSE: LVS) is a Fortune 500 company and the leading global developer of destination properties (Integrated Resorts) that feature premium accommodations, world-class gaming and entertainment, convention and exhibition facilities, celebrity chef restaurants, and many other amenities.

The Venetian® and The Palazzo®, Five-Diamond luxury resorts on the Las Vegas Strip, and Sands® Bethlehem in Eastern Pennsylvania are the company's properties in the United States. Marina Bay Sands® is the company's iconic Integrated Resort in Singapore's downtown Marina Bay district.

Through its majority-owned subsidiary Sands China Ltd. (1928:HK), the company owns a portfolio of properties on Macao's Cotai Strip®, including The Venetian® Macao, Four Seasons Hotel Macao, and Sands Cotai Central. The company also owns the Sands® Macao on the Macao Peninsula.

Las Vegas Sands is committed to global sustainability through its Sands ECO360 degrees program and is an active community partner through its various charitable organizations.

For more information, please visit www.lasvegassands.com.



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Source: Marketwire


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