Robert Goldstein, Las Vegas Sands’s chairman, chief operating officer and long-time senior executive, will transition to the role of senior advisor in March 2026, while Patrick Dumont is in line to become the company’s next chairman and CEO, the company announced Thursday.
Both the company and Goldstein intend for his senior advisor role to be his sole position with the company and its subsidiaries as of March 1, 2026. The company’s board of directors intends to name Dumont, currently president and chief operating officer, as chairman and CEO upon Mr. Goldstein’s transition to his senior advisor role.
Goldstein has agreed to serve as a senior advisor through March 2028. In that capacity, Goldstein will assist management with its government relations activities, efforts to pursue new physical development opportunities ,and the company’s gaming strategies, Sands said in a press release.
“This company transformed the industry from a gaming-centric model to the integrated resort model and, through a different strategic approach in each market, meaningfully changed the tourism landscape in Las Vegas, Macau and Singapore,” Goldstein said. “I’ve been fortunate to work with a great team of people over the years, and I specifically want to express my gratitude to Sheldon [Adelson, the late CEO] for his support and friendship. I would also like to thank [his wife] Dr. [Miriam] Adelson [Sands co-founder and majority stockholder]. I look forward to using the years ahead to help the team build toward another great chapter in this company’s history.”
Dumont was named president and COO of Las Vegas Sands in January 2021. He also serves on the company’s board of directors.
With more than 20 years of experience in finance, corporate strategy and management, Dumont has a proven track record in designing and executing financial and business strategies that drive capital return and maximize company performance, the company said in a release.
Prior to his position as president and COO, Dumont had been LVS chief financial officer since March 2016, after serving in a variety of senior strategy, operating and finance positions since joining LVS in June 2010. As CFO, “he was responsible for maintaining the industry’s strongest balance sheet, preserving the company’s financial flexibility to pursue development opportunities, continuing LVS’ strong dedication to returning excess capital to shareholders and fulfilling the company’s commitment to leading the industry in financial controls,” the bio said.
During his tenure at LVS, Dumont has been instrumental in successfully orchestrating key financial and business initiatives, including advising on capital return strategies, orchestrating a share repurchase program, enhancing the investor relations function and negotiating strategic financial deals to maximize capital returns, the bio said.
Goldstein joined the company prior to the opening of The Venetian Las Vegas and was intricately involved in its development, ultimately becoming president when it opened in 1999. While The Venetian was being constructed, Goldstein had numerous areas of responsibility including building the property’s gaming business and its operations. He was also the lead executive responsible for developing the Grand Canal Shoppes, the property’s large retail mall, the company said.
Goldstein attracted new retail brands to the market along with important lifestyle brands, such as Canyon Ranch Spa. His efforts also brought game-changing dining concepts and an impressive roster of celebrity-chef restaurants, a model that was still relatively new at the time, the company said.
At the time of its construction, many industry observers predicted the all-suite 3,000-room hotel, which was built to cater to business travelers and convention attendees during the week and leisure visitors on the weekends, would be less than successful, the company said in its statement.
“In the beginning, we were counted out more times than I can count,” Goldstein said. “All these years later it is clear the opening of The Venetian was a turning point in the history of the Las Vegas Strip. Sheldon was widely criticized at the time, but his vision and the work we started together 30 years ago has more than stood the test of time.”
During his time as president and chief operating officer of The Venetian and The Palazzo from 1999 to 2010, Goldstein was responsible for many important property milestones, which also had a broader impact on the Las Vegas Strip as well, the company said.
In late 2014, after having served as president of global gaming operations, Goldstein was named the company’s president and chief operating officer and continued to work closely with Sheldon Adelson and the leadership teams in Las Vegas, Macau and Singapore. When Adelson died in January of 2021, Goldstein was named the company’s chairman and CEO.
“As one of the first employees of the company, our family has great appreciation for Rob’s leadership and the many contributions he’s made over the years,” Miriam Adelson said. “He has left an indelible mark on the history of the company, and our family will always be thankful for it. Sheldon deeply appreciated Rob’s friendship and counsel, and he would be very grateful for everything Rob has given over the past three decades.”
Goldstein and his wife, Sheryl, have been actively involved in many Las Vegas charitable and civic causes over the years. They both have served on numerous boards and been generous donors to a variety of organizations, including Opportunity Village, Cleveland Clinic Lou Ruvo Center for Brain Health – Las Vegas, Nevada Ballet, Emeril Lagasse Foundation, Adelson Clinic for Drug Abuse Treatment and Research, Public Education Foundation and many others. Goldstein was also the driving force behind the creation of the Young Women’s Leadership Academy of Las Vegas, a charter school offering a high-quality, all-girls’ education model for Las Vegas-area families.
