THE M3: SANDS & GALAXY NEED MORE WORKERS; CoD CEO SEARCH

The Macau Metro Monitor, July 16th, 2010

 

SANDS, GALAXY TO HIRE 22,000 Macau Daily Times

According to MSS Recruitment’s Macau Job Market 2010 overview, Galaxy Macau and Sands' sites 5 & 6 need 7k and 15k more workers, respectively.  Sands China's senior vice president of human resources, António Ramirez, stressed, “Even though these projects offer more job openings to the local population, it does not necessarily mean that everyone will be suitable... Non-residents will play a crucial role in transferring their expertise and knowledge to local talents."  Trevor Martin, Galaxy’s senior vice president for human resources and administration, mentioned that the vast majority of the Galaxy Macau personnel would be locals, found through local initiatives and educational sources.

 

When it comes to local human resources, casinos are “the main competitors” of SME, the Macau Small and Medium Enterprises Association said.  According to the association, most of the 9,600 unemployed have “low education and skills, and some are out of work construction workers.”

 

CEO SHUFFLE IN THE CARDS AS COD LOOKS AROUND Intelligence Macau

IM believes Frank McFadden, Ian Coughlan, and Grant Bowie are the top candidates for the CoD CEO position.  McFadden, SJM’s President of Joint Ventures and Business Developments and the Grand Lisboa boss, has had experience in developing and redeveloping new and struggling properties and played a critical role in SJM's IPO but buying out his SJM stock options might be expensive. Even though Coughlan, president of Wynn Macau, runs the best and most profitable property in Macau and would be highly qualified for the position, it would be difficult to get Coughlan given his relationship with Steve Wynn and he may have golden handcuffs.  The most likely candidate is Grant Bowie, president of MGM Grand Paradise.  Bowie's contract is up for renewal soon and IM believes he would fit in well with the Anglo-Aussie-American-Chinese management team at CoD.  Other candidates include younger guys such as Ciaran Carruthers and Pete Wu.


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