CHANGES at the top in one of Asia’s leading international resorts sees leading Chinese businesswoman Linda Chen preparing to take over as president of Wynn Macau as gaming licences in the world’s biggest casino hub come up for renewal.
Current president Michael Coughlan moves to an advisory and non-executive director role with his employment agreement concluding in February 2023, while Chen takes over the following month.
Chen has held the roles of vice chairman, chief operating officer and executive director of Wynn Macau. She recently stepped down as COO to be succeeded by Frederic Jean-Luc Luvisutto, who was previously COO at Wynn Palace.
Chen is reported to have strong ties to officials in mainland China and Macau, according to Reuters. She is on the Nanjing Committee of the Chinese People’s Political Consultative Conference, a key political advisory body.
Wynn Macau, owned by Wynn Resorts, said Chen has played a vital role in its success in Macau, Reuters reports.
Casino licences for Wynn, Sands China, MGM China, Galaxy Entertainment and Melco Resorts and SJM come up for renewal at the end of the year.