Solaire hires ex-Marina Bay Sands chief
Bloomberry Resorts Corp. announced Tuesday the appointment of the former head of Singapore’s Marina Bay Sands Pte Ltd. as the new president and chief operating officer of Solaire Resort & Casino in Parañaque City.
Bloomberry said in a disclosure to the stock exchange Thomas Arasi, the former president and chief executive of Marina Bay Sands, would begin his new role at Solaire Resort on Oct. 11.
Arasi will replace businessman and port operator Enrique Razon Jr., who will remain chairman and chief executive of Bloomberry.
“We are pleased to welcome Thomas Arasi to Solaire. We believe his credentials and experience will be key to achieving our expectations for Solaire,” Bloomberry chairman and president Enrique Razon Jr. said.
The appointment of Arasi came after Bloomberry terminated a management agreement with Global Gaming Philippines because of “material breach” of contract.
Arasi brings a wealth of gaming and hospitality experience in running Bloomberry’s $1.2-billion Solaire Resort & Casino. Apart from leading Marina Bay Sands, he held senior positions at InterContinental Hotels Group as president of three major divisions and president of Tishman Hotel Corp.
Arasi successfully completed the development, opening and operation of Marina Bay Sands, one of the largest and most complex real estate developments in the world. He was instrumental in helping Marina Bay Sands achieve unprecedented profitability.
Arasi will be responsible for leading the effort in ensuring Solaire’s continued ramp-up in its operations and profitability.
Bloomberry said Arasi’s expertise would be put to good use when Solaire proceeded with the opening of the $500- million Phase I-A project by the fourth quarter of 2014.
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