The Sands adds executive position to Asia team and promotes VP

The announcement of new staff comes two months after the company made job cuts at The Venetian Las Vegas Hotel Casino, The Palazzo Las Vegas and construction sites in Macau. According to the Sands, the additions to its Asia team will enhance focus on Macau operations, including the Marina Bay Sands in Singapore, which the company projects will open later this year.

The company has asked Leonard DeAngelo, a former executive vice president of operations for Penn National Gaming, to join as the senior vice president of Asia operations, and Nigel Roberts, a former senior vice president of operations for The Langham Hotels and Resorts, to join as president of its Marina Bay Sands integrated resort.

“Our fundamental business strategy has not changed, and we look forward to both welcoming the Marina Bay Sands in Singapore to our family of world-class integrated resorts and continuing our efforts to assist Macao in its transformation from a regional gaming location into an international multi-day stay destination,” said Adelson, the company’s chief executive, in a prepared statement.

The Sands also announced that Bradley H. Stone, who has served as the company’s executive vice president since 1995, has been named to the newly created position of president of global operations and construction.

At press time, the company’s shares were trading at us$ 4.37 per share - down dramatically from last year when shares were at us$ 87.85 per share.