Melco Resorts & Entertainment, a Macau gambling operator, has declared the naming of David Dou as its new Chief Financial Officer, effective right away.
Dou replaces Robert Earl (McBain), who left the position on January 1st but will remain as a consultant to Melco Resorts’ subsidiary, Sociedade de Jogos de Macau, S.A. (SJMSA).
Dou has been serving as the Chief Operating Officer of Finances and Development for SJMSA’s operations since last October.
Before this, he was the Chief Financial Officer of Shangri-La Asia Limited and held the roles of Chief Financial Officer, Executive Vice President, and Executive Director at Sands China.
Melco Resorts stated, “The Board expresses its appreciation to Mr. McBain for his valuable contributions to the company during his time as CFO and welcomes Mr. Dou to his new position.”
The appointment comes after Melco Resorts reported an 89.6% year-over-year decrease in net gambling revenue for the third quarter in November, due to ongoing limits on its land-based properties as a result of the COVID-19 crisis.
Net gambling revenue for the three months ending September 30 totaled HK$879 million (£83.3 million/€92.4 million/$113.4 million), down from HK$8.24 billion in 2019.
