Casino Group Bets on Macau and Singapore, Appoints New Chairman and CEO in March

Las Vegas Sands Corp. (NYSE: LVS) announced that effective March 1, Patrick Dumont, currently President and COO, will be promoted to Chairman and Chief Executive Officer, while Robert G. Goldstein, the outgoing Chairman and CEO, will transition to a Senior Advisor role through March 2028.

At the same time, Dumont will assume the chairmanship of the board of Sands China Ltd., the company’s Hong Kong–listed subsidiary, continuing to oversee investment and development programs in Macau and Singapore.

On February 2, the company granted restricted stock units (RSUs) valued at approximately $2.9 million to its General Counsel and $10.9 million to CEO Robert Goldstein, equivalent to roughly KRW 3.8 billion and KRW 14.2 billion, respectively.

These succession plans were formally announced in a March 13 press release, in which Las Vegas Sands also reaffirmed its commitment to the multi-billion-dollar expansion of Marina Bay Sands and significant investments in its Macau operations.

In its fourth-quarter 2025 results released at the end of January, the company reported revenues of $3.65 billion and a record quarterly EBITDA at Marina Bay Sands. Nevertheless, concerns about profitability in Macau drove the stock price down by more than 10% immediately following the announcement.

Headquartered in the United States, Las Vegas Sands is a global integrated-resort and casino operator whose core assets include Marina Bay Sands in Singapore and Sands China in Macau. The company is executing major expansion projects in both markets, continuing to invest in resort and entertainment facilities in line with local governments’ tourism-diversification policies.