CLAIMS TO FAME
- Celebrating 10 years with Las Vegas Sands in 2013
- Previously oversaw Asian gaming research with UBS Investment Bank
Grant Chum has soared up the Power 50 rankings in recent years, from No.41 in 2020 to No.27 in 2021 and No.14 last year -a testament to his growing influence within the ranks of Las Vegas Sands and its Macau subsidiary, Sands China.
Now 48, the former investment banker plays a vital role in the company’s strategic and analytical planning for its Macau operations, displaying a deep understanding of the macro and micro factors that contribute to his company’s success.
He has also played an increasingly important role on Sands’ quarterly earnings calls where he talks everything from customer preferences and regional travel trends to the shifting nature of the company’s revenue mix. On Las Vegas Sands’ 2Q23 earnings call, Chum highlighted the positive results of his own work – he didn’t make that claim himself – when outlining the growing important of both the mass gaming and non-gaming segments to Sands China’s bottom line.
“We’ve seen a shift between gaming and non-gaming,” he explained. “Remember we are the dominant revenue generator in non-gaming in the industry, and non-gaming is rising as a percentage of our revenues.
“We do have a more profitable business mix than in 2019, as does the whole industry, because we have a greater proportion of mass relative to VIP. Both of these mixtures are positive for margins.”
Celebrating 10 years with LVS in 2023, it is these sorts of numbers that are behind Chum’s strong standing in Asia.
For the full list of 2023 Asian Gaming Power 50 winners, click here.
