Patrick Dumont to grow to be Las Vegas Sands CEO in March | Casinos & Gaming

Las Vegas Sands Corp. affirmed Friday that Patrick Dumont, the corporate’s president and chief working officer, will take over as chairman and CEO subsequent month.

Dumont succeeds Rob Goldstein, who will grow to be a senior adviser to the corporate via March 2028. Sands’ board of administrators had indicated a 12 months in the past that Dumont could be the seemingly successor to Goldstein.

“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,” Dumont mentioned in a launch that was a part of a Securities and Exchange Commission submitting. “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. I am excited about our company’s future and look forward to getting started in this new role.”

Dumont additionally was appointed chairman of Sands China Ltd., the corporate’s Hong Kong-listed subsidiary. His appointments are efficient March 1.

Dumont, a Las Vegas resident who holds an MBA from Columbia Business School and a bachelor’s diploma in mechanical engineering from Johns Hopkins University, was appointed president and chief working officer of Sands in January 2021 and has been a member of the board of administrators since 2017. He joined the corporate in 2010. He has greater than 25 years of expertise in administration, improvement, operations and company finance.

“We are fortunate to have the best assets in the best markets in our industry,” Dumont mentioned. “Our core leadership team has been together for many years, and we are highly focused on maximizing ongoing investments in our 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.”

Sands is the market chief in Macao and Singapore. Its resorts in Macao embrace The Venetian Macao, the Parisian and the Londoner. The firm operates the long-lasting Marina Bay Sands in Singapore.

Dumont additionally serves on the National Basketball Association board of governors on behalf of the Dallas Mavericks, with the Adelson household holding a majority possession stake within the workforce. In November, Dumont was appointed to the board of administrators for LA28, the organizing committee for the 2028 Summer Olympic Games in Los Angeles.

The Review-Journal is owned by the Adelson household, together with Patrick Dumont and Dr. Miriam Adelson, majority shareholder of Las Vegas Sands Corp.

Contact Richard N. Velotta at [email protected] or 702-477-3893. Follow @RickVelotta on X.