Robert Goldstein appointed as new Las Vegas Sands CEO

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Robert Goldstein appointed as new Las Vegas Sands CEO

Robert Goldstein has been announced as Las Vegas Sands’ permanent CEO and chairman following the death of founder Sheldon Adelson earlier this month.

Goldstein was initially named as acting CEO and chairman on 7 January, before founder Adelson, who was the casino operator’s chairman and CEO since its inception in 1988, passed away following complications related to treatment for non-Hodgkin’s Lymphoma on 11 January, aged 87.

The new CEO and chairman joined the operator in 1995, before becoming a member of the board of directors in January 2015. Before his current role, Goldstein served as COO and president from January 2015, and has also been president of global gaming operations during his time at Las Vegas Sands.

In other boardroom changes, Patrick Dumont has been appointed as president and COO. Dumont has been a director at the operator since April 2017, and previously held the position of executive vice president and chief financial officer. While as a result, Randy Hyzak has been promoted to the role of chief financial officer.

Speaking on his appointment, Goldstein said: “Our spirits have been dimmer in these few weeks since his (Adelson’s) passing, but the future of the company he founded shines bright. He would expect nothing less than an aggressive pursuit of the work he started, and I am determined to lead this company forward in a way that best honours his vision.»   

Dumont added: «Mr. Adelson established the roadmap for the future of this company, and that roadmap is unchanged.  I am dedicated to working with Rob and our leadership team to make our strategic objectives a reality.»

Las Vegas Sands will be releasing its Q4 2020 results later on 27 January, following an 82% year-on-year decline in net revenue for Q3, down to $586m.

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