Las Vegas Sands chairman and chief executive Robert Goldstein will step down next year when he transitions into an advisory role with the casino resort operator.

Goldstein has been instrumental in the success of Las Vegas Sands (LVS) since joining the company in 1995 and will step down as chairman and CEO on March 1, 2026, at which time he will transition to the role of senior advisor through to March 2028.

“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, Macao and Singapore,” said Goldstein. 

“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] for his support and friendship. I would also like to thank Dr. Adelson. I look forward to using the years ahead to help the team build toward another great chapter in this company’s history.” 

Goldstein joined Adelson’s LVS ahead of the opening of The Venetian Las Vegas and was intricately involved in its development, ultimately becoming president and chief operating officer of the resort when it opened in 1999.

He became president and chief operating officer of LVS in 2014 and was named the company’s chairman and chief executive officer in 2021, after the passing of Sheldon Adelson.

Dr. Miriam Adelson, co-founder and majority shareholder of Sands, said: “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. 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 will be succeeded as chairman and chief executive of LVS by Patrick Dumont, the company’s president and chief operating officer.

Dumont joined LVS in 2010 and served in a variety of senior strategy, operating and finance roles before being named chief financial officer in 2016. He assumed his currently role as president and chief operating officer in January 2021.

Shares in Las Vegas Sands Corp. (NYSE:LVS) closed 1.43 per cent lower at $45.39 per share in New York Thursday.