Las Vegas Sands CEO Robert Goldstein intends to step down from the position when he transitions to a senior adviser role on 1 March 2026, the casino operator said on Thursday.
The Las Vegas, Nevada-based company said it intends to name its Chief Operating Officer, Patrick Dumont, as chairman and CEO upon Goldstein’s transition.
Goldstein will also step down as Chairman and Non-Executive Director of Sands China, the group’s subsidiary that operates gaming and integrated resorts in Macau.
In a stock filing issued on Friday morning, Sands China said: “The Board will identify and appoint a suitable candidate as the new Chairman of the Board and the Nomination Committee of the Company.” It also stated that Goldstein “has confirmed that he has no disagreement with the Board and there are no matters that need to be brought to the attention of the holders of securities of the Company in relation to his stepping down” from his current positions.
Goldstein took over the role of CEO in 2021 following the death of the gaming giant’s founder, Sheldon Adelson, in January 2021. A long-time veteran in the casino business, he joined Las Vegas Sands in 1995 and has been a member of the company’s board since 2015.
He has held prominent roles at The Venetian and The Palazzo Las Vegas, two of the world’s best-known casinos on the Vegas gambling strip.
Dumont, who was appointed Chief Operating Officer in 2021, was previously the company’s finance chief and has held key positions since he joined in 2010.
