Las Vegas Sands Corp. announced that its Chairman and Chief Executive Officer, Robert Goldstein, will step down from his role on March 1, 2026. Goldstein, a longtime executive of the casino and resort giant, will transition to a Senior Adviser role through March 2028. Patrick Dumont, the company’s current President and Chief Operating Officer, will assume the position of Chairman and CEO.
Goldstein, who has been with Las Vegas Sands since 1995, took over as Chairman and CEO in 2021 following the passing of Sands founder Sheldon Adelson. As Senior Adviser, Goldstein will assist with government relations, gaming strategies, and new development opportunities. He will receive an annual compensation of $4.5 million during his tenure in the advisory role, according to a Securities and Exchange Commission filing.
Goldstein played a crucial role in shaping Sands’ global operations. Under his leadership, the company expanded its footprint in Macao and Singapore, developed The Venetian Las Vegas and Grand Canal Shoppes, and played a key role in bringing the Sphere entertainment venue to Las Vegas. He was also instrumental in negotiations that led to the construction of Allegiant Stadium and the relocation of the Las Vegas Raiders.
Reflecting on his tenure, Goldstein said: “In the beginning, we were counted out more times than I can count. All these years later, it is clear the opening of The Venetian was a turning point in the history of the Las Vegas Strip.”
Goldstein’s leadership was instrumental in transitioning Las Vegas Sands from a gaming-centric business to an integrated resort model, significantly influencing Las Vegas, Macao, and Singapore’s tourism landscapes. His contributions also helped Sands achieve strong financial performance, including a landmark $1.5 billion retail deal in 2004, which reshaped Las Vegas real estate investment.
Dr. Miriam Adelson, majority shareholder of Las Vegas Sands, lauded Goldstein’s leadership: “He has left an indelible mark on the history of the company, and our family will always be thankful for it. (Co-founder) Sheldon (Adelson) deeply appreciated Rob’s friendship and counsel, and he would be very grateful for everything Rob has given over the past three decades.”
Industry figures also praised Goldstein’s contributions. Virginia Valentine, CEO of the Nevada Resort Association, said: “His vision, bold leadership, and willingness to embrace opportunity have profoundly shaped the Las Vegas Sands and the gaming industry.”
Gaming analyst Brendan Bussmann added: “He has time and time again proven the doubter wrong not just with the success of The Venetian initially but being an integral part of LVS through some of its most challenging times.”
As Patrick Dumont prepares to take over as Chairman and CEO, industry observers expect a continuation of Sands’ growth strategy. Goldstein’s departure marks the end of a transformative era for the company but ensures continued leadership from within its ranks.
Original article: https://www.yogonet.com/international/news/2025/03/07/97394-las-vegas-sands-ceo-robert-goldstein-to-step-down-in-2026-patrick-dumont-to-succeed
