Most likely a victim of the decline in the fortunes of partner Melco Crown, the leader of Amax International stepped down last month. Ted Chan resigned from his position as chief executive officer effective immediately to pursue a new career opportunity in Macau.

“The board of directors appreciates Ted’s extensive contributions and tireless efforts in establishing and effecting the company’s transition to a business model that is now entirely focused on the growing gaming and entertainment industry in Macau,” said Brian Cheung, chairman of the board of Amax. “With Ted’s intention to remain active in Macau—and his high level of expertise in the VIP segment of this market—we anticipate that he will continue to be an important ally of the company as we execute on our current business model and pursue new growth opportunities.”

By GGB Staff

Staff writers for Global Gaming Business magazine. Las Vegas, Nevada.

Please login to post your comments.