• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Saturday 7 June 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

2019 Asian Gaming Power 50: Number 7 – Robert Goldstein

Newsdesk by Newsdesk
Thu 7 Nov 2019 at 14:58
2019 Asian Gaming Power 50: Number 29 – John Alexander
41
SHARES
1k
VIEWS
Print Friendly, PDF & Email

PRESIDENT AND CHIEF OPERATING OFFICER
Las Vegas Sands Corp

POWER SCORE: 2,668
POSITION LAST YEAR: 8

CLAIMS TO FAME
• Sheldon Adelson’s global deputy and enforcer
• Has overseen key property openings in Las Vegas and Macau

Could it be that the increased role undertaken by Rob Goldstein at Las Vegas Sands Corp (LVS) in 2019 has provided a glimpse into the company’s future?

With Chairman and CEO Sheldon Adelson having had limited involvement in the day-to-day operations of LVS this year due to illness – the company revealed in March that the 86-year-old had been undergoing treatment for non-Hodgkin’s lymphoma – it has been left to Goldstein and Adelson’s son-in-law Patrick Dumont to fill the void.

And despite the founder’s absence, it’s been business as usual for the global gaming giant with 2Q19 net revenue rising 0.9% year-on-year to US$3.33 billion and operating income by 12.2% to US$894 million.

Certainly the company’s global ambitions haven’t slowed at all in 2019. In April, LVS announced that it had reached an agreement with the Singapore Tourism Board to embark on a US$3.3 billion expansion of its hugely successful Singapore IR, Marina Bay Sands. More recently it clarified its Japan ambitions by pulling out of the race for Osaka and declaring its intention to pursue a license in Tokyo or Yokohama instead. And its Macau subsidiary, Sands China, has been active on multiple development fronts.

Work is now well underway on the US$2.2 billion transformation of Sands Cotai Central into The Londoner Macao – Sands China’s third themed Macau resort set to feature scale replicas of famous British landmarks plus a 6,000-seat arena, British-inspired shops and restaurants, plus an extra 60 gaming tables and 300 slot machines.

Central to the Sands Cotai Central revamp will be the conversion of the 1,200-room Holiday Inn Macao Cotai Central into a 594-key luxury all-suite offering as part of the company’s long-term plan of targeting the lucrative premium mass market. With that in mind, Sands China is also converting the nearby Four Seasons Hotel Macao at The Venetian into a high-end property with the first of around 290 new suites coming online over the autumn.

Discussing its premium mass ambitions during Sands China’s second quarter earnings call, Goldstein said the upgrades would put the company in “a position for the future that is dominant” – notwithstanding that its share of Macau GGR already stands at 23.3%, top of the tree when it comes to the city’s six concessionaires.

“We have the largest base mass business by far in Macau … [and] the largest premium mass business in Macau,” he said. “Macau rewards quality product and scale and we have the product to drive exceptional premium mass play as a result. We expect to dominate that segment in the same manner we dominate base mass play.”

A veteran of the company, having served as Executive Vice President of Marketing at the Sands Hotel in Atlantic City before joining Las Vegas Sands in 1995, Goldstein has long been at the coalface of LVS’ rise to the top of the global gaming mountain.

He was part of the executive team that oversaw the opening of LVS flagship The Venetian Las Vegas, became the property’s first President and Chief Operating Officer upon launch in 1999 and when the Palazzo opened in 2007 he took charge there too, later earning promotion to President of Global Gaming Operations in January 2011 where he became a guiding force of the company’s growth into the industry’s largest multinational.

Eight years on, Goldstein continues to drive Las Vegas Sands forward.

For the full list of 2019 Asian Gaming Power 50 winners, click here.

Share16Share3
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke
Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell
Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia
Aristocrat
GLI
Mindslot
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

The 2024 Asian Gaming Power 50

The 2024 Asian Gaming Power 50

by Andrew W Scott
Tue 12 Nov 2024 at 17:04

Long established as the definitive list of the most influential figures and personalities in the regional industry, IAG’s Asian Gaming Power 50 celebrates its 17th anniversary in 2024. It is now 16 years since Inside Asian Gaming first published the...

The 2024 Asian Gaming Power 50 List

2024 Asian Gaming Power 50: Meet the panel

by Newsdesk
Tue 12 Nov 2024 at 16:39

IAG introduces the seven members of the judging panel who have determined this year’s Asian Gaming Power 50 list. Andrew is a gaming industry expert and media publisher, commentator and advisor. He has 38 years industry experience and has lived...

The 2024 Asian Gaming Power 50 List

The 2024 Asian Gaming Power 50 List

by Newsdesk
Tue 12 Nov 2024 at 16:28

RANK POWER SCORE NAME TITLE ORGANIZATION 1 5,698 FRANCIS LUI VICE CHAIRMAN Galaxy Entertainment Group 2 4,489 ROBERT GOLDSTEIN CHAIRMAN AND CEO Las Vegas Sands 3 4,421 PANSY HO CHAIRPERSON AND EXECUTIVE DIRECTOR MGM China 4 4,412 LAWRENCE HO CHAIRMAN...

2024 Asian Gaming Power 50: Number 4 – Lawrence Ho

2024 Asian Gaming Power 50: Number 1 – Francis Lui

by Newsdesk
Tue 12 Nov 2024 at 16:27

CLAIMS TO FAME Built Galaxy into Macau’s de facto local gaming champion Continuing to build out largest single land plot in Cotai via Galaxy Macau Holds strategic stakes in Monte Carlo casino operator SBM and Wynn Resorts It’s been quite...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語