US gaming giant Las Vegas Sands has announced the appointment of long-time Marriott International legal counsel Yibing Mao to its Board of Directors.
According to a company filing, Mao has been appointed as a non-employee director and will be entitled to the companys standard Board compensation, which includes an annual US$150,000 retainer, annual restricted stock grant of US$100,000 and one-time US$100,000 stock-option grant for new directors.
According to her corporate profile, Mao has spent the past 24 as Chief Legal Counsel for Marriott International, Asia-Pacific, based in Hong Kong. She helped grow the companys Hong Kong legal team from an initial two people to more than 50 lawyers and support staff across seven offices, and played a role in the acquisition by Marriott of StarWorld Hotels in 2016.
The appointment of Mao comes as Las Vegas Sands turns it focus to Asia following the sale of its Las Vegas assets for US$6.25 billion in March.
Chairman and CEO Rob Goldstein said at the time, Asia remains the backbone of this company and our developments in Macau and Singapore are the center of our attention. We will always look for ways to reinvest in our properties and those communities.