Las Vegas Sands has announced the appointment of Patrick Dumont as its new CEO and chairman, ahead of Robert Goldstein stepping down from the roles in March.
Dumont, currently president and chief operating officer of the business, will officially take on the new titles from 1 March.
He has worked at Sands for more than 16 years, starting as vice president of corporate strategy in 2010. Dumont then went on to become senior vice president for finance and strategy. He also worked as executive vice president and chief financial officer.
Outside of his work with Sands, Dumont is a committee member for the Los Angeles 2028 Olympic and Paralympic Games. He is also the governor of NBA franchise the Dallas Mavericks.
A new era for Sands
Dumont’s appointment follows the Sands board previously indicating that he would be the likely successor to Goldstein. The company confirmed Goldstein’s departure almost a year ago.
Goldstein has led Sands as CEO since January 2021, taking over following the passing of its founder, Sheldon Adelson.
He initially served in the role on a temporary basis when Adelson took an initial medical leave of absence to undergo treatment for non-Hodgkin’s lymphoma. Adelson died in January 2021, having steered Sands since its founding in 1988.
Goldstein has agreed to serve as a senior advisor until March 2028. This will see him assist management with government relations activities, pursuing new physical development opportunities and gaming strategies.
“It is a true honour for me to serve as chairman and CEO of this iconic company,” Dumont said of his new role. “Under the leadership of Sheldon Adelson and Rob Goldstein, Sands has reached tremendous heights, and I welcome the opportunity to build on that legacy in the years ahead.
“Our core leadership team has been together for many years, and we are highly focused on maximising ongoing investments in our properties, people and local communities. I am excited about our company’s future and look forward to getting started in this new role.”
Enthusiastic outlook for 2026
Confirmation of the change in leadership came after Sands in January published its full-year results for 2025. These revealed a 15.2% increase in net revenue to $13.02 billion, driven by growth within the casino business.
Operating profit climbed 17.3% to $2.82 billion while pre-tax profit jumped 12.9% to $2.21 billion for the year. Profit after tax amounted to $1.63 billion, an increase of 12.5% from the previous year.
In his year-end notes, outgoing CEO Goldstein reflected positively on 2025. He spoke about his optimism for further growth opportunities this year, including in Singapore and Macau.
“We remain enthusiastic about our opportunities to deliver growth in both Singapore and Macao, as we realise the benefits of our market-leading capital investment programmes,” he said.
“Our financial strength and industry-leading cash flow continue to support our investment programmes in both Singapore and Macao, our pursuit of growth opportunities in new markets and our programme to return excess capital to stockholders.”
Original article: https://igamingbusiness.com/people/people-moves/las-vegas-sands-confirms-dumont-ceo/
