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CHIEF OPERATING OFFICER, MACAU RESORTS
Melco Resorts and Entertainment
PROPERTY PRESIDENT
City of Dreams, Macau
POWER SCORE: 731
POSITION LAST YEAR: 39
REQUESTS OF FAME
- Touched to spin around City of Dreams Macau after C-level bouts with Caesars and Wynn in Las Vegas, Resorts World Sentosa and Sands China
- Oversees the entire Melco portfolio in Macau
- He joined Melco as President of Studio City Property in 2016
Before COVID-19 arrived, David Sisk seemed on track to achieve his main goal of reviving City of Dreams as a top destination for premium gamers in Macau. Since Melco President and CEO Lawrence Ho named Sisk COD Property President in early 2018, its VIP rating has increased by 23%, including 29% last year, while the overall market has declined.
Over the same two years, the mass decline of COD tables grew by 22%, albeit only by 10% last year, four percentage points below the market trend. COD’s non-gaming revenue in 2019 increased 32%, overall revenue increased 20%, and EBITDA increased 22%.
Morpheus’ June 15, 2018 opening boosted COD, with additional hotel reinforcements arriving in what Melco calls phase three of the integrated resort evolution. Plans are in the pipeline to rename Countdown, the former Hard Rock, as Libertine, and the renovation of Nüwa, the former Crown, has begun. The House of Dancing Water play, closed for reopening, is expected to reopen next year.
In September last year, Sisk added oversight of all Melco Macau resorts to its portfolio. This includes Studio City, where Sisk held the role of Property President when he joined Melco in September 2016. Despite the drought of pandemic entrances, work continued into Phase Two of Studio City, with the aim of exploiting its strategic location near the Lotus Bridge border gate from Hengqin Island, which will have a light rail link with Macau. But for now, CoD remains the key to Melco, accounting for 54% of revenues and 55% of EBITDA last year, and therefore, the key to Sisk.
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