President & COO at Solaire Resort & Casino
Thomas Arasi currently serves as president, chief operating officer and board director of Solaire Resort and Casino and parent company Bloomberry Resorts Corporation.
Prior to his current roles, Tom held several noteworthy positions, including as president and chief executive officer of Marina Bay Sands Pte Ltd, the most profitable property in the collection owned by Las Vegas Sands Corporation. He oversaw every aspect of the gaming and non gaming operations of this US$ 5.7 Billion Integrated Resort. During his tenure, Marina bay Sands achieved unprecedented profitability, including one of the world’s most profitable casinos, 50%+plus EBITDA margin and the number one hotel REVPAR in Singapore. Marina Bay Sands attained iconic status through operations, guest experience and service culture and produced circa US $1 Billion of EBITDA in the first 12 months of operations (While finishing construction).
Tom brings a wealth of gaming and hospitality experience to running Bloomberry Resorts Corporation, including sector expertise in the management of casino, hospitality (hotel, restaurant, serviced apartment and branded residential), retail and mixed-use real estate businesses as well as deep organizational leadership experience. His functional expertise covers property operations, brand management, real estate development, asset/investment management, franchising, finance, and REITs.
Tom has led several blue-chip companies as president or CEO on the operating side, such as with InterContinental Hotels Group where he served as global brand manager of Crowne Plaza Hotels and as the President – The Americas divisions. In real estate and investment, he was president of Portman Holdings, a multi-billion dollar owner/developer with mixed-use properties in North America, China, India and Korea and of Tishman Hotel Corp. which owns, develops and manages large resort and convention assets.
Tom has a BA in Hotel and Restaurant Management from Cornell University.