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RESORTS WORLD SENTOSA CASINO-Chief Casino Officer, MR ANDREW MACDONALD RESIGNED SO SUDDENLY
- Thread starter swissbank
- Start date
Will Andrew MacDonald to be barred within Sentosa Island?
He was banned in MBS Sands casino after he left and also be barred including hotels premises.
Genting Singapore’s RWS casino chief Andrew MacDonald steps down
Genting Singapore said Mr Andrew MacDonald had done so to “pursue personal interests”. PHOTO: ANDREW MACDONALD/FACEBOOK
Derryn Wong
UPDATED
NOV 03, 2024, 11:10 PM
SINGAPORE - Chief casino officer and director at Resorts World Sentosa (RWS), Mr Andrew MacDonald, has stepped down.
He had done so to “pursue personal interests”, said mainboard-listed Genting Singapore, the owner of RWS, in a bourse filing on Nov 2. It listed the date of cessation as Nov 1, and provided no further elaboration.
The 64-year-old had been “responsible for overseeing the overall casino business at RWS”, said the group.
In August, Mr MacDonald said in a LinkedIn post that he had been issued a persona non grata notice, prohibiting him from “entering or remaining on any part of Marina Bay Sands (MBS) integrated resort premises, including but not limited to the hotel, mall, convention centre and casino”.
The ban was for alleged attempts at poaching high-rollers, and was seen by industry experts as an unprecedented move.
Mr MacDonald, a veteran casino gaming executive, was an employee of MBS for almost 12 years. He was executive vice-president of casino operations at MBS from 2010 and became chief casino officer for MBS parent Las Vegas Sands in 2012.
He left MBS in July 2021 and joined RWS in September 2022 as chief casino officer after a non-compete clause in his separation agreement expired.
According to Genting Singapore’s annual report for the year ended Dec 31, 2023, Mr MacDonald’s total remuneration is listed as between $2,500,000 and $2,750,000.
Genting Singapore’s parent is Bursa-listed Genting Group.
Shares of Genting Singapore ended trading on Nov 1 up 1.2 per cent at $0.845, before the update. THE BUSINESS TIMES
Genting Singapore said Mr Andrew MacDonald had done so to “pursue personal interests”. PHOTO: ANDREW MACDONALD/FACEBOOK
Derryn Wong
UPDATED
NOV 03, 2024, 11:10 PM
SINGAPORE - Chief casino officer and director at Resorts World Sentosa (RWS), Mr Andrew MacDonald, has stepped down.
He had done so to “pursue personal interests”, said mainboard-listed Genting Singapore, the owner of RWS, in a bourse filing on Nov 2. It listed the date of cessation as Nov 1, and provided no further elaboration.
The 64-year-old had been “responsible for overseeing the overall casino business at RWS”, said the group.
In August, Mr MacDonald said in a LinkedIn post that he had been issued a persona non grata notice, prohibiting him from “entering or remaining on any part of Marina Bay Sands (MBS) integrated resort premises, including but not limited to the hotel, mall, convention centre and casino”.
The ban was for alleged attempts at poaching high-rollers, and was seen by industry experts as an unprecedented move.
Mr MacDonald, a veteran casino gaming executive, was an employee of MBS for almost 12 years. He was executive vice-president of casino operations at MBS from 2010 and became chief casino officer for MBS parent Las Vegas Sands in 2012.
He left MBS in July 2021 and joined RWS in September 2022 as chief casino officer after a non-compete clause in his separation agreement expired.
According to Genting Singapore’s annual report for the year ended Dec 31, 2023, Mr MacDonald’s total remuneration is listed as between $2,500,000 and $2,750,000.
Genting Singapore’s parent is Bursa-listed Genting Group.
Shares of Genting Singapore ended trading on Nov 1 up 1.2 per cent at $0.845, before the update. THE BUSINESS TIMES
Wow liao !
$2,500,000 - $2,750,000 or average = $218,000 a month
Any vacancy?
Can Singaporeans apply for this job?
High rollers dried up.
to make s$3m
he must bring in at least s$30m per year
to the casino . hear say only.
Hearsay , not many
, if any at all , fits the Bill ,
see below ( AI Generated ) ,
In the casino industry, executive compensation and performance targets are generally guided by a mix of factors, but there aren't always specific industry-wide benchmarks directly tying executive salaries to exact multiples of revenue generated. However, some general principles might apply.
For executives like a Chief Casino Officer (CCO) in casinos, revenue targets often depend on a mix of Key Performance Indicators (KPIs), which could include:
1. Gross Gaming Revenue (GGR): The casino’s primary income from gaming activities, which represents the total wagers minus winnings paid out to players. A CCO may be tasked with achieving significant growth or maintaining a target in GGR.
2. Revenue per VIP or High-Value Punter Segment: High-value clients are crucial in the casino industry, particularly in places like Singapore where a large share of casino revenue comes from high rollers. A target might be set around VIP segment performance, often with a focus on increasing both the number of high-value clients and the average revenue per client.
3. Profitability Metrics: It’s not only about revenue but also the profit margins associated with high-value punters. Ensuring a high margin means that net earnings targets may influence executive KPIs.
While setting a target of 10x the base salary could be a useful guideline, in reality, industry standards vary widely. A ratio might more typically depend on benchmarks across comparable casino operators, which can sometimes range from 3x to 15x or higher for revenue impact per executive salary dollar.
Overall, actual target-setting is typically informed by a combination of market conditions, specific company strategy, and the executive's role in operational or strategic functions, rather than a strict industry guideline tied to salary multiples.
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