Las Vegas Sands Appoints Patrick Dumont As Chairman and CEO

Las Vegas Sands has announced a significant leadership change, appointing Patrick Dumont as chairman and chief executive officer, effective March 1. Dumont will succeed Robert G. Goldstein, who will transition to a senior advisory role until March 28. This move comes as the company adapts to evolving market conditions while maintaining its Las Vegas headquarters.

Dumont’s extensive experience with the organization, coupled with his ties to the Dallas Mavericks basketball franchise, positions him well to lead the casino and resort operator into its next chapter.

Dumont’s Background and Leadership Experience

Patrick Dumont brings a wealth of experience into his new role, having served as president and CEO since January 2021. His association with Las Vegas Sands dates back to 2010, and he joined the board of directors in 2017.

Dumont’s leadership is particularly relevant as the company focuses on key Asian markets, which are crucial revenue streams.

Dumont’s co-ownership of the Dallas Mavericks alongside Miriam Adelson, who holds a majority stake in Las Vegas Sands, further strengthens his connection to the organization. He expressed his excitement about the new position, stating, “It is a true honor for me to serve as chairman and CEO of this iconic company founded by one of the industry’s greatest visionaries.”

Las Vegas Sands Changes Under Former CEO

Robert G. Goldstein has led Las Vegas Sands since 2021, following the death of founder Sheldon Adelson. Under his leadership, the company underwent significant operational shifts, including the sale of The Venetian Resort and its convention center for $6.25 billion in 2022.

The sale was framed as part of a plan to concentrate on Macau and Singapore, which are crucial contributors to the company’s growth. Dumont emphasized continuity in corporate priorities, stating, “We are fortunate to have the best assets in the best markets in our industry.”

Las Vegas Sands’ Future Growth Plans

As Dumont prepares to take the helm, he highlighted the importance of ongoing investments in properties, people, and local communities. “Through our more than 41,000 deeply dedicated Team Members and our priority on delivering unparalleled experiences for discerning leisure and business guests, we remain focused on creating positive economic impact for our host regions and strong returns for our shareholders,” he remarked.

Recent discussions regarding the Dallas Mavericks have also kept the Dumont and Adelson families in the public eye. A statement from the Mavericks ownership group reaffirmed their commitment to the franchise, asserting that “the team is not for sale and the families look forward to expanding ownership stake over time.”