LV Sands CEO Goldstein to Step Down, Dumont Expected to Succeed

NYSE-listed Las Vegas Sands has announced that chairman and chief executive officer Robert Goldstein will transition to the role of senior advisor beginning March 1, 2026. 

The leader in developing and operating integrated resorts with pioneering properties also revealed that its board of directors plans on nominating current president and chief operating officer Patrick Dumont as Goldstein’s successor.

Three Lucrative Decades with LV Sands 

Goldstein, a key figure at Sands for 30 years, has played an instrumental role in shaping the company’s trajectory. 

Since Las Vegas Sands became a publicly traded entity, he has been the only chairman and chief executive officer besides its founder, the late Sheldon Adelson. 

Goldstein assumed leadership in January 2021 following Adelson’s passing due to complications from non-Hodgkin’s lymphoma.

His tenure at Sands predates the opening of The Venetian Las Vegas, a groundbreaking project among the most expensive casino developments of its time. 

Goldstein was a driving force behind Adelson’s vision, guiding the company away from a pure gaming model toward a broader, integrated resort concept that reshaped the industry.

“In late 2014, after having served as president of global gaming operations, Mr. Goldstein was named the company’s president and chief operating officer and continued to work closely with Mr. Adelson and the leadership teams in Las Vegas, Macao, and Singapore,” according to a statement from the company.

Dr. Miriam Adelson, the company’s largest shareholder and Dumont’s mother-in-law, praised Goldstein’s contributions and emphasized his close relationship with her late husband. 

“He deeply appreciated Rob’s friendship and counsel, and he would be very grateful for everything Rob has given over the past three decades,” she said.

Big Influence on Historical Transactions

Without being thrown into the spotlight as often as fellow gaming moguls Adelson and Steve Wynn, Goldstein’s influence proved to be critical in some of the most significant financial decisions in the company’s history.

His merits include offering advice on capital return strategies, leading share repurchases, strengthening investor relations, and negotiating financial deals to maximize returns.

He reached an important milestone in 2004 when he spearheaded the sale of The Venetian’s and The Palazzo’s retail space and secured $1.5 billion in proceeds. 

The moment also marked the pioneering of real estate monetization strategies within the gaming sector. 

Later, he oversaw the development of Sands Bethlehem, which became the highest-earning regional casino in the U.S. before its $1.3 billion sale to the Poarch Creek Indians in 2019.

Just two months after becoming chairman and CEO, Goldstein marked Sands’ exit from the LV market when he orchestrated the $6.25 billion sale of The Venetian Resort and Sands Expo and Convention Center.

Goldstein will hold the senior advisor position through March 2028. 

Alongside his wife Sheryl, he served on numerous boards and has been a generous donor to a variety of charitable and civic cause organizations. 

Dumont’s Takeover, a Sign of Continuity

Dumont joined the company in June 2010, rising to chief financial officer in March 2016 before becoming president and COO in January 2021. 

He is also known for his role as the governor of the Dallas Mavericks, a team he co-owns with Dr. Miriam Adelson. 

Dumont frequently participates in Sands’ earnings calls, and he is no stranger to the company’s strategic decision-making procedures. 

His promotion is expected to bring continuity to the company, something that will bring reassurance to investors. 

Las Vegas Sands shares have remained largely stable in after-hours trading, signaling that the leadership transition is not causing market concerns.