Sands Enters New Era as Dumont Takes Helm to Drive Asian Growth

LAS VEGAS, NV – February 13, 2026 – Las Vegas Sands (NYSE: LVS) today announced a pivotal leadership transition, appointing Patrick Dumont as its new Chairman and Chief Executive Officer, effective March 1, 2026. The move, part of a long-anticipated succession plan, installs a seasoned company insider at the helm as the integrated resort giant deepens its strategic focus on its multi-billion-dollar empire in Asia.

Mr. Dumont, who has served as the company's president and chief operating officer since 2021, will succeed Robert G. Goldstein. Mr. Goldstein, a transformative figure in the company's history, will transition to a senior advisor role, ensuring a seamless handover of strategic initiatives and relationships through March 2028. The appointment solidifies a new era for Sands, placing its future in the hands of a leader who has been instrumental in shaping its recent strategy and is already overseeing its most ambitious projects.

"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," Mr. Dumont said in a statement. "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."

A New Generation of Leadership

Patrick Dumont's ascent to the top job is the culmination of a 16-year career at Sands, where he has been deeply involved in finance, strategy, and operations. Since joining in 2010, he has steadily climbed the ranks, joining the board of directors in 2017 and taking on the crucial roles of president and COO in January 2021. His appointment also centralizes oversight of the company's most vital assets, as he will concurrently become chairman of Sands China Ltd., the company’s Hong Kong-listed subsidiary.

With over 25 years of experience in management and corporate finance, bolstered by a mechanical engineering degree from Johns Hopkins and an MBA from Columbia Business School, Dumont represents a new generation of leadership. His tenure as COO has been marked by a focus on executing transformative investment programs in Macao and Singapore, designed to elevate the guest experience and secure long-term growth. As the son-in-law of Dr. Miriam Adelson, the company's majority shareholder, his appointment is viewed by market observers as a sign of family-aligned stability and a commitment to the current strategic path.

His leadership is already stamped on the company's future. Dumont is directly responsible for the new $8 billion ultra-luxury development at Marina Bay Sands in Singapore, a colossal project that broke ground in July 2025 and includes an all-suite hotel, a 15,000-seat arena, and expanded MICE (Meetings, Incentives, Conferences, and Exhibitions) facilities.

The Architect's Next Chapter

Robert Goldstein's transition to a senior advisor role marks the end of a remarkable three-decade run in the executive suite. Having joined Sands in 1995, he was a key architect of the integrated resort model that redefined the industry, working alongside founder Sheldon Adelson to develop iconic properties in Las Vegas, Macao, and Singapore. As CEO since early 2021, he navigated the company through the post-Adelson era and orchestrated the landmark $6.25 billion sale of its Las Vegas assets to double down on its high-growth Asian markets.

His new advisory position is far from a simple retirement. Goldstein will continue to assist management with government relations, new development opportunities, and gaming strategy, commanding a $4.5 million annual advisory fee. This structure ensures that his vast experience and extensive network remain a resource for the company, providing crucial continuity as Dumont takes the lead.

Doubling Down on Asia's Billions

The leadership change comes as Las Vegas Sands derives virtually all of its earnings from its properties in Macao and Singapore, a strategic pivot that now defines the company. The market dynamics in these regions underscore the importance of Dumont's operational and development expertise.

In Macao, a strong tourism rebound saw the city welcome nearly 35 million arrivals in 2024, with projections aiming for nearly 39 million in 2025. The local government is pushing a "Tourism+" strategy to diversify beyond gaming, a goal that aligns perfectly with Sands' integrated resort model. The company's significant investments in non-gaming amenities, from retail to entertainment, position it well to capture this evolving market.

Meanwhile, Singapore's tourism sector is booming, with tourism receipts expected to have hit a new record in 2024. The Singapore Tourism Board is forecasting up to 18.5 million international visitors in 2025, generating over $30 billion. The massive expansion at Marina Bay Sands, spearheaded by Dumont, is a direct and aggressive move to capitalize on this incredible growth and solidify the property's status as a global landmark.

"We are fortunate to have the best assets in the best markets in our industry," Dumont stated, expressing confidence in the company's direction. "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."

Beyond the Balance Sheet: A Global Citizen

Underpinning its financial strategy is a robust commitment to corporate responsibility, an area where Sands has become an industry leader. The company's evolution from a casino operator to a global developer is reflected in its consistent recognition for environmental, social, and governance (ESG) initiatives. For the fourth consecutive year, Sands was named to the Dow Jones Sustainability World Index in 2023, a rare distinction in the gaming industry.

This focus materializes in tangible results. The company has already surpassed its 2025 goals for investing in workforce development and encouraging employee volunteerism. On the environmental front, Sands achieved a 50% reduction in Scope 1 and 2 emissions in 2024 against a 2018 baseline, far exceeding its initial targets and prompting the adoption of a more ambitious plan aligned with the Paris Agreement. This commitment to being a responsible global citizen is a key part of the modern Sands identity that Dumont now inherits.

As the torch is passed, Las Vegas Sands appears set on a course of strategic continuity rather than radical change. With a seasoned internal leader at the helm, a clear focus on its high-performing Asian markets, and a multi-billion-dollar development pipeline already in motion, the company is betting on execution and evolution to build its next chapter of growth.