Stone a key loss for LV Sands
How important was now-resigned Brad Stone to Las Vegas Sands?
Significant.
“We believe losing Brad is a big deal, given his critical role in building
out these large scale casino-resort properties, including the ($5 billion)
Marina Bay Sands in Singapore, which is scheduled to open later this year,”
JP Morgan gaming analyst Joe Greff told investors this morning.
Stone, executive vice president and head of construction for Las Vegas
Sands for 14 years, followed former company president Bill Weidner out the
door on Tuesday. The move wasn’t a shock
“This is not a surprise given the well documented tension between certain
senior operating executives and Chairman and CEO Sheldon Adelson,” Greff
said.