Greg Hawkins has resigned from his role as president of City of Dreams, Melco Crown Entertainment's flagship resort in Macau.
Hawkins was named president of the integrated entertainment complex in May 2008, overseeing its opening on June 1, 2009. He previously served as chief executive officer of Altira Macau and general manager for gaming at SkyCity Entertainment.
Speaking to InterGaming in June, Hawkins said City of Dreams had established itself as a unique gaming destination.
"City of Dreams is living up to the expectations we set, being to deliver Macau and indeed Asia’s most exciting and compelling gaming, leisure and entertainment destination," he said.
The operator announced that Hawkins’ resignation will coincide with a comprehensive review of its management structure. As a result, it is to create the new roles of co-chief operating officers.
Ted Chan, currently president of Altira Macau, has been promoted to co-COO, gaming, and will oversee gaming activities across the entire organisation. Nick Naples, meanwhile, has joined Melco Crown as co-COO, operations. He will be responsible for all non-gaming operating activities.
"On behalf of the entire company, I’d like to extend our thanks to Greg for his contributions over the years and to wish him well in the next stage of his career," said Lawrence Ho, co-chairman and chief executive officer of Melco Crown. "The time is right to implement a new operating management structure that recognises that we have evolved as organisation and reflects our more mature business model.
"This new structure will facilitate a more streamlined approach to managing the operations at our three properties and will allow our senior executives to be more focused on their functional areas of responsibility. I am confident that these changes will yield meaningful benefits to our operations, both in terms of revenue generation and resource efficiency."
The news comes as the company announced a 166 per cent increase in net revenue to $573.6m for the second quarter of the year, compared to the same period in 2009. Adjusted EBITDA stood at $73.4m, up from a loss of $23.8m a year earlier.
