Melco Resorts and Entertainment Limited has reportedly announced several planned changes to its senior leadership team, including the imminent resignation of industry veteran Gabriel Hunterton as the City of Dreams Macao real estate president.
Industry veteran Hunterton was appointed a year ago to oversee the Kotai Streep venue and will be played by David Sisk, who is currently president of Melco Resorts and Entertainment Limited's nearby Studio City Macao enterprise.
In addition, Melco Resorts and Entertainment Limited reportedly explained that Geoffrey Philip Andres, president of its City of Dreams Manila venue, will acquire Sisk from Studio City Macao and Kevin Benning will be promoted to Chief Operating Officer and Senior Vice President in the Philippines.
Lawrence Ho Yau Lung, Chairman and CEO of Melco Resorts and Entertainment Limited, reportedly said, "Repositioning senior operations management across integrated resorts is to optimize operational excellence," adding, "We are leveraging key individuals with proven expertise in managing and delivering strong growth."
For the third quarter, Melco Resorts and Entertainment Limited reported net revenue of approximately $1.38 billion, up nearly 19.5% year-over-year. The company announced that the increase was 'primarily attributable to increased rolling chip revenue for City of Dreams [Macau] and the start of rolling chip operations for Studio City [Macau].