- Shanghai Jiao Tong University
- University of Memphis
EMPLOYMENT
Hubert Wang is the President and COO of MGM China. He has become more visible at MGM since he was promoted to that role following the retirement of CEO Grant Bowie in 2020.
Wang formerly was MGM China’s VP of Finance and CFO. He served directly under Pansy Ho. Wang is now a regular speaker on MGM’s quarterly earnings calls. Last year, for example, he outlined plans for the company to increase its focus on Macau’s “premium mass market” after the collapse of the junket industry.
Wang currently oversees Business Development, Casino Operations, Hospitality, Security and the Digital & Technology Solutions divisions for MGM China.
His previous assignments included time in the US for Las Vegas Sands, Caesars Entertainment and Penn National. While with Caesars, then known as Harrah’s, he worked in riverboat development as well as financing and M&A.
When he joined Las Vegas Sands, he returned to Asia, where he was part of the pre-opening teams on The Venetian Macau, which opened in 2007, and Singapore’s Marina Bay Sands, which opened in 2010.
Wang joined MGM China in July 2011.
PRODUCTS LAUNCHED
MGM China, traded on the Hong Kong Exchange under the number 2282, owns and operates gaming and lodging resorts in the Greater China region.
It is the holding company of MGM Grand Paradise, SA, which holds one of the six gaming concessions/subconcessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM Macau, a resort located on the Macau Peninsula, and the MGM Cotai, a luxury integrated resort in Cotai, which opened in early 2018 and more than doubles MGM China’s presence in Macau.
MGM Macau has about 600 guest rooms and suites, and its facilities include the MGM Art Space, dedicating over 5,000 square feet to display authentic works of art, conference and event facilities, spa, and seven signature restaurants and bars. MGM Cotai offers about 1,400 hotel rooms and suites, meeting space, high-end spa, retail offerings and food and beverage outlets.
MGM China is majority owned by MGM Resorts International, which is traded on the New York Stock Exchange under the ticker MGM.
“As long as the casino operators, the concessionaires, have the capability to [track foreign source revenue across entire properties] I think the Government will allow that. The numbers must be auditable, they need to be trackable, so these are the prerequisites that need to be met.” Hubert Wang
Interviews and public speeches
Speaking on a panel at G2E Asia in Macau in July 2023, Wang said Macau’s foreign player-only gaming zones are probably only transitional arrangements. He said the Government is looking at ways to recognise foreigner play across entire properties.
Wang said the foreign player-only zones were created to aid the Government in tracking revenue for tax purposes.
Wang said: “From a gaming experience standpoint, it’s far better to allow casino players to go where they like instead of being confined to one area, so that is a long-term goal."
