Las Vegas Sands (LVS) Chairman and CEO Robert Goldstein will transition to a Senior Advisor role from 1 March 2026, with current President and COO Patrick Dumont flagged to replace him in the top job.
The company revealed in a Friday announcement that Goldstein – who replaced Sheldon Adelson as Chairman and CEO in 2021 following the founder’s passing – has agreed to serve as Senior Advisor for two years through March 2028. He will assist management with its government relations activities, efforts to pursue new physical development opportunities and the company’s gaming strategies.
“This company transformed the industry from a gaming-centric model to the integrated resort model and, through a different strategic approach in each market, meaningfully changed the tourism landscape in Las Vegas, Macau and Singapore,” Goldstein said.
“I’ve been fortunate to work with a great team of people over the years, and I specifically want to express my gratitude to Sheldon for his support and friendship. I would also like to thank Dr [Miriam] Adelson. I look forward to using the years ahead to help the team build toward another great chapter in this company’s history.”
Goldstein was one of LVS’s first employees, joining Adelson in 1995 prior to the opening of The Venetian Las Vegas and becoming the property’s president when it opened in 1999.
LVS acknowledged the key role he played in building the property’s gaming business, developing retail mall the Grand Canal Shoppes and introducing game-changing dining concepts including an impressive roster of celebrity chef restaurants.
Goldstein reflected that many people at the time doubted the potential of the company’s innovative model, with the 3,000-room The Venetian built to cater to business travelers and convention attendees during the week and leisure visitors on the weekends.
“In the beginning, we were counted out more times than I can count,” he said.
“All these years later it is clear the opening of The Venetian was a turning point in the history of the Las Vegas Strip. Sheldon was widely criticized at the time, but his vision and the work we started together 30 years ago has more than stood the test of time.”
Goldstein played a key role in the company’s expansion to Macau and Singapore and in 2014 was promoted to the role of President and COO.
Dr Miriam Adelson, co-founder and now majority shareholder of Sands, said, “As one of the first employees of the company, our family has great appreciation for Rob’s leadership and the many contributions he’s made over the years. He has left an indelible mark on the history of the company and our family will always be thankful for it.
“Sheldon deeply appreciated Rob’s friendship and counsel, and he would be very grateful for everything Rob has given over the past three decades.”
LVS explained that it intends for Goldstein’s Senior Advisor role to be his sole position with the company and its subsidiaries from 1 March 2026.
It added, “The company’s board of directors intends to name Mr Patrick Dumont, the company’s President and COO, as Chairman and CEO upon Mr Goldstein’s transition to his Senior Advisor role.”
