SINGAPORE--Genting Singapore PLC's (G13.SG) marketing chief
Mabel Lee left the casino operator at the end of August, two people with
knowledge of the move said Wednesday.
Ms. Lee quit as president of
Genting Singapore's Resorts World Marketing Pte. Ltd. partly because of
strategic differences with senior management, one of the people said.
The industry veteran, who has nearly three decades of casino-hospitality
experience, had joined Genting Singapore in 2010 to help set up the casino
marketing team at its flagship property, Resorts World Sentosa--one of the
city-state's two licensed casinos. She had responsibility over growing the
casino's premium-gambler business, among other roles.
A spokeswoman for
Genting Singapore declined to comment.
Ms. Lee's departure comes as
Genting Singapore's casino faces slumping business volumes that have contributed
to some loss of market share to rival Marina Bay Sands, the Singapore casino
resort run by U.S. gambling group Las Vegas Sands Corp. (LVS)
Last
month, Genting Singapore reported 311 million Singapore dollars (about US$249
million) in second-quarter earnings before interest, tax, depreciation and
amortization, down 10% from the same period a year ago and missing analysts'
forecasts, partly due to lower premium-gambler volume.
The results were
the latest in a series of earnings misses for the unit of Malaysian gambling
group Genting Bhd. (3182.KU), reinforcing analysts' projections of slowing
growth in Singapore's casino market.
Ms. Lee joined Genting Singapore
from Wynn Macau Ltd. (1128.HK), where she was an executive vice president. She
previously served stints with U.S. casinos including Caesars Palace, Las Vegas
Hilton and MGM Mirage.
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