Asian casino operator Melco Resorts and Entertainment Limited has announced that its Chief Financial Officer, Geoffrey Davis, has been selected to fill the same role being vacated by the retiring Tam Chi Wai for its Melco International Development Limited parent.

Responsible for the City of Dreams Macau and nearby Studio City Macau developments, Melco Resorts and Entertainment Limited stated that Davis is to assume his new post at Melco International Development Limited after Tam steps down in order to ‘devote his time to starting a business venture’ at the end of the year.

Previously known as Melco Crown Entertainment Limited until an early-April name-change, Hong Kong-listed Melco Resorts and Entertainment Limited declared that Davis is to subsequently keep all of his current duties while ‘heading up and assuming full responsibility’ for all of the financial and treasury functions for the larger Melco International Development Limited.

Melco Resorts and Entertainment Limited explained that Davis joined its ranks in 2007 to serve as Corporate Finance Senior Vice-President before being promoted to the post of Chief Financial Officer four years later. Prior to this, he had worked for six years as a research analyst covering the gaming industry in the United States for Citigroup Investment Research after holding a number of executive positions with casino operator Park Place Entertainment as well as hotels and resorts giant Hilton Hotels and Resorts.

“The board would like to take this opportunity to express its sincere gratitude to Tam for his support, dedication and contributions throughout his eleven years of services to the company,” read a statement from Leung Hoi Wai, Company Secretary for Melco International Development Limited. “The board wishes him every success in his future endeavors.”

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