Las Vegas Sands (NYSE: LVS) has announced the appointment of Patrick Dumont as the company's Chairman and Chief Executive Officer, effective March 1, 2026. Dumont, who has been serving as the company's President and Chief Operating Officer since 2021, will succeed Robert G. Goldstein, who will become a senior advisor to the company through March 2028.
Dumont, who has been a member of the board of directors since 2017, has more than 25 years of experience in management, development, operations, and corporate finance. He joined the company in 2010 and has been instrumental in leading transformative investment programs in Macao and Singapore aimed at enhancing the company's product offerings and increasing long-term earnings potential.
Under his leadership, the company has undertaken an $8 billion ultra-luxury project in Singapore, which broke ground in July 2025. Dumont has emphasized the company's focus on maximizing ongoing investments in its properties, people, and local communities, with the goal of delivering unparalleled experiences for guests and creating positive economic impact for host regions.
Sands is the leading global developer and operator of integrated resorts, with iconic properties including Marina Bay Sands® in Singapore and several properties in Macao, China. The company is dedicated to corporate responsibility and has been recognized for its environmental, social, and governance (ESG) leadership.
As Dumont prepares to take on his new role, the company looks toward the future with a focus on building on its legacy and maximizing returns for shareholders.
This announcement comes at a pivotal time for the company, and stakeholders will be closely watching the transition and its impact on the company's performance in the coming quarters. Following these announcements, the company's shares moved -2.74%, and are now trading at a price of $58.95. If you want to know more, read the company's complete 8-K report here.
