Ted Chan Appointed Galaxy CFO; Mike Mecca Returns as Director

Galaxy Entertainment Group (GEG) announced last month that Robert Drake will exit his role as chief financial officer of the company effective March 1, to be replaced by Ted Chan, formerly chief operating officer of the group’s Japan development division.

GEG issued a statement saying Drake is leaving to “pursue his personal interests.”

Drake had worked with GEG for more than 15 years, most recently helping the group navigate the Covid-19 pandemic and helping it secure a second gaming concession. The 10-year concession began January 1.

Chan initially joined GEG in 2018, as COO of the Japan development arm, having previously served as the COO of Melco, before resigning in 2016 for “personal reasons.” Before that, Chan worked at a unit of the Amax group, which operated VIP gaming services in Macau.

Drake will now serve as a senior adviser to the company. GEG Vice Chairman Francis Lui said, “I look forward to continuing our relationship with Bob.”

Also last month, GEG announced that former senior executive and current board member Michael Mecca has been redesignated from a non-executive director to an independent non-executive director. The change took effect on March 1.

Mecca was the company’s president and chief operating officer before his April 2018 retirement. Following a four-year “cooling-off period,” he is now eligible to serve in his new capacity, GEG stated.