Las Vegas Sands has announced that Robert Goldstein, its Chairman and CEO, will step down in March 2026 after nearly three decades with the company. Goldstein will transition to a senior advisory role through March 2028, where he will continue to assist with government relations, development opportunities, and gaming strategies.
Goldstein joined Sands in 1995, working alongside company founder Sheldon Adelson, and was instrumental in the development and opening of The Venetian Las Vegas in 1999. He took over as CEO in January 2021 following Adelson's passing, having previously served in several leadership positions including president of global gaming operations and chief operating officer.
"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 in a statement. "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."
During his leadership, Goldstein oversaw Sands' expansion into international markets, particularly in Asia. Under his tenure as CEO, the company completed the sale of its Las Vegas assets and reinforced its focus on operations in Macau and Singapore, including a recently announced $1 billion expansion project at Marina Bay Sands expected to be completed by 2029.
His legacy includes pioneering developments that changed the Las Vegas Strip, such as bringing celebrity chef restaurants and luxury retail to The Venetian when such concepts were still relatively new.
Patrick Dumont, currently serving as President and Chief Operating Officer, is set to succeed Goldstein as CEO and chairman. Dumont has been with Las Vegas Sands since 2010 and has held various senior roles, including Chief Financial Officer from 2016 to 2021 before being promoted to his current position.
Dumont's experience includes more than 20 years in finance, corporate strategy and management. During his tenure at Sands, he has been credited with maintaining the company's strong balance sheet and implementing successful capital return strategies.
Miriam Adelson, co-founder and majority shareholder of Sands, expressed gratitude for Goldstein's contributions: "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."
The announcement comes as Las Vegas Sands reported positive performance in 2024, with revenue reaching $11.30 billion, a 9.0% increase from the previous year, signaling strong post-pandemic recovery for the global gaming and hospitality giant.