Las Vegas Sands Corp. has officially appointed Patrick Dumont as the new CEO and Chairman of the Board, effective from March 1. The current CEO, Robert Goldstein, is stepping down after five years at the helm but will continue to serve as a senior advisor until March 2028. Simply put, this is a long-planned senior management transition, with the new leader being the son-in-law of the founder, continuing the family business legacy. Dumont has been with Sands for over 16 years, rising from Vice President of Corporate Strategy to President and COO, with a thorough understanding of the company's global operations. Interested in the strategic considerations behind the latest personnel changes at the international gaming giant? Visit the PASA website for ongoing coverage of core industry dynamics.
One, New Leader's Profile: 16-Year Veteran, Holding Multiple Positions
Patrick Dumont's career is deeply intertwined with Sands Group:
2010: Joined Sands as Vice President of Corporate Strategy
Past positions: Senior Vice President of Finance and Strategy, Executive Vice President, Chief Financial Officer
Current position: President and Chief Operating Officer (soon to be CEO and Chairman)
External roles: Member of the 2028 Los Angeles Olympic Organizing Committee, President of the NBA Dallas Mavericks
It is worth mentioning that Dumont is the son-in-law of Miriam Adelson, a controlling shareholder of the Sands Group. After the founder Sheldon Adelson passed away in 2021, his family still firmly controls the company's direction.
Two, Background of the Transition: Goldstein to Remain as Advisor Until 2028
The soon-to-be-former CEO Robert Goldstein has been serving as CEO since January 2021, initially taking over during Adelson's medical leave, and later officially steering the company. Sands Group had announced this transition a year ago.
After stepping down, Goldstein will remain as a senior advisor until March 2028, assisting the management team in handling government relations, new project development, and gaming strategies. In his resignation statement, he expressed optimism about the company's prospects, particularly mentioning growth opportunities in the Singapore and Macau markets.
Three, Performance Support: Net Revenue Exceeds $13 Billion by 2025
Sands Group chose this time for the transition, backed by solid performance. The full-year financial report for 2025 shows:
Net revenue: $13.02 billion (up 15.2% year-over-year)
Operating profit: $2.82 billion (+17.3%)
Pre-tax profit: $2.21 billion (+12.9%)
After-tax profit: $1.63 billion (+12.5%)
Goldstein emphasized in the annual report that the company's financial strength and industry-leading cash flow will continue to support capital investment plans in Singapore and Macau, as well as expansion into new markets and shareholder returns.
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