Stephen Law Cheuk Kin, who joined Sands China Ltd. as CFO last year, has left the position after just four months.
In an email to GGRAsia, the Macau casino operator confirmed that Law “resigned as the chief financial officer of the company with effect from January 20, 2017 to pursue other business interests and opportunities.
“There is no matter in relation to his resignation that needs to be brought to the attention of the company’s shareholders,” the company added.
Law joined the casino firm in September after three years as finance director of MTR Corp Ltd., which operates Hong Kong’s mass transit railway system. According to the South China Morning Post, his departure was a “shock” and “the latest of a number of high-level corporate exits in the Macau gaming industry in recent months.”
Law’s resignation came days after Sands China’s parent company, the Las Vegas Sands Corp., agreed to pay a US$6.96 million fine to settle charges by U.S. federal investigators that it violated the Foreign Corrupt Practices Act in its business transactions in China and Macau, the Post reported. It is unknown if Law’s exit is related. Sands China said it “does not comment on the movement of personnel.”
The Hong Kong-listed company owns the Venetian Macao, Sands Macao, the Plaza Macao, Sands Cotai Central and the Parisian Macao.
