Las Vegas Sands Corp. confirmed Friday that Patrick Dumont, the company’s president and chief operating officer, will take over as chairman and CEO next month.
Dumont succeeds Rob Goldstein, who will be a senior adviser to the company through March 2028. Sand’s board had indicated a year ago that Dumont would be the likely 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 said in a news release that was part of a filing with the Securities and Exchange Commission. “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 the future of our company and look forward to getting started in this new role.”
Dumont was also named chairman of Sands China Ltd., the company’s Hong Kong-listed subsidiary. His appointments are effective March 1.
Dumont, a Las Vegas resident who holds an MBA from Columbia Business School and a bachelor’s degree in mechanical engineering from Johns Hopkins University, was named president and chief operating officer of Sands in January 2021 and has served on the board since 2017. He joined the company in 2010. He has more than 25 years of business management and financial development experience.
“We are fortunate to have the best assets in the best markets in our industry,” Dumont said. “Our leadership team has been together for many years, and we are very 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 host regions.”
Sands is the market leader in Macao and Singapore. Its resorts in Macau include The Venetian Macao, the Parisian and the Londoner. The company operates the iconic Marina Bay Sands in Singapore.
Dumont also serves on the National Basketball Association’s board of directors on behalf of the Dallas Mavericks, where the Adelson family owns a majority stake in the team. In November, Dumont was appointed to the board of LA28, the organizing committee for the 2028 Summer Olympics in Los Angeles.
The Review-Journal is owned by the Adelson family, including Patrick Dumont and Dr. Miriam Adelson, majority owner of Las Vegas Sands Corp.
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