{"id":35473,"date":"2022-11-16T12:58:32","date_gmt":"2022-11-16T15:58:32","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=35473"},"modified":"2026-04-23T02:55:19","modified_gmt":"2026-04-23T05:55:19","slug":"paul-baker-steps-down-as-grand-lisboa-palace-president","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paul-baker-steps-down-as-grand-lisboa-palace-president","title":{"rendered":"Paul Baker steps down as Grand Lisboa Palace president"},"content":{"rendered":"\n

Paul Baker took over as president of Grand Lisboa Palace in 2018 and oversaw the launch of the property in July 2021.<\/p>\n\n\n\n\n\n\n\n

Macau.- Paul Baker<\/strong> has resigned as president of Grand Lisboa Palace<\/strong>, a unit of gaming operator SJM Holdings Ltd. He will leave the position in December. The reason for Baker’s departure was not revealed, but some other employees have tendered resignations in recent days due to personal reasons.<\/p>\n\n\n\n

Baker has been the property’s president since 2018 and oversaw the opening of Grand Lisboa Palace<\/a> Phase I in July 2021, when SJM allocated the venue 118 gaming tables<\/strong> from other properties. <\/p>\n\n\n\n

Prior to joining SJM Resorts, Baker was the deputy chief operating officer of Genting Malaysia Berhad from 2014 to 2018. He also served as executive vice president of resort operations at Wynn Macau from 2013 to 2014.<\/p>\n\n\n\n

According to GGRAsia, other executives that have recently left Grand Lisboa Palace include Lu Tsai, vice president of casino marketing and Vince Leat, vice president of loyalty marketing and customer relationship management.<\/p>\n\n\n\n

SJM Holdings<\/a> has reported a net loss of HK$1.89bn (US$241.5m) <\/strong>for the third quarter of the year. The Grand Lisboa Palace reported gross revenue of HK$115m (US$14.7m), including gross gaming revenue of HK$46m (US$5.9m) and non-gaming revenue of HK$69m (US$8.8m).<\/p>\n\n\n\n

When complete, Grand Lisboa Palace will have around 2,000 hotel rooms<\/strong> split between three venues: The Lisboa Palace Hotel, Palazzo Versace Macau, and Karl Lagerfeld Hotel luxury boutique hotel. It will also have 27,000 square metres of gaming floor space <\/strong>(290,000 sq ft) for up to 700 gaming tables and 1,200 electronic gaming machines<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Paul Baker took over as president of Grand Lisboa Palace in 2018 and oversaw the launch of the property in July 2021.<\/p>\n","protected":false},"author":176,"featured_media":20947,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Paul Baker has resigned as president of Grand Lisboa Palace, a unit of SJM Holdings Ltd., effective December, following a tenure that included overseeing the property's July 2021 launch. This departure, alongside other executive resignations, coincides with SJM Holdings reporting a Q3 net loss of HK$1.89bn, despite Grand Lisboa Palace generating HK$46m in GGR and HK$69m in non-gaming revenue.","focusai_entities":"Paul Baker, Grand Lisboa Palace, SJM Holdings Ltd., SJM Resorts, Genting Malaysia Berhad, Wynn Macau, GGRAsia, Lu Tsai, Vince Leat, The Lisboa Palace Hotel, Palazzo Versace Macau, Karl Lagerfeld Hotel","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact of Executive Departures?","query":"What is the anticipated impact of multiple senior executive departures, including the president, on Grand Lisboa Palace's operational stability and strategic execution, particularly given SJM Holdings' recent financial performance?"},{"label":"SJM Holdings' Recovery Strategy?","query":"Given the reported HK$1.89bn net loss for SJM Holdings and the GGR\/non-gaming revenue figures for Grand Lisboa Palace, what specific strategies are being implemented to accelerate recovery and enhance profitability in the competitive Macau market?"}],"footnotes":""},"categories":[157,16338],"tags":[23808],"class_list":["post-35473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-grand-lisboa-palace"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=35473"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35473\/revisions"}],"predecessor-version":[{"id":35501,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35473\/revisions\/35501"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20947"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=35473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=35473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=35473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}