Exit of Robert Goldstein from Las Vegas Sands as CEO

 Robert Goldstein will be transitioning from his position as CEO and chairman of the firm to that of senior advisor, according to an announcement made by Las Vegas Sands.
 Goldstein to Remain as Sands CEO Until March of next year, when he takes over his new role, Goldstein will remain as CEO of Sands.  Sands stated yesterday (6 March) that he has committed to remain a senior advisor until March 2028.

 As a new hire, Goldstein will provide a hand to upper management with government relations, game strategy, and the pursuit of chances for physical development.

 Currently serving as president and COO, Patrick Dumont will be named CEO by the Sands board.  This still needs to be approved in the end.

 Taking over for Adelson as CEO
 After the death of Sands' founder, Sheldon Adelson, in January 2021, Goldstein assumed the role of chief executive officer.

 In the beginning, he was just there temporarily while Adelson was on medical leave to treat non-Hodgkin's lymphoma.  Adelson has been the head of Sands since its inception in 1988 until his death in January 2021.

 Goldstein joined Sands in 1995 and held several positions throughout the company before becoming CEO.  This includes stints as the executive vice president, president, and chief operating officer of The Venetian and The Palazzo Las Vegas, as well as president of worldwide gaming operations.

 His most recent position prior to becoming CEO was running the casino group as president and COO.  Additionally, since January 2015, he has been a member of the Sands board.

 Along with his wife Sheryl, Goldstein has been a long-time supporter of numerous civic and humanitarian organisations in Las Vegas.  Among the many groups that have benefited from their generous donations and board service are Opportunity Village, the Cleveland Clinic Lou Ruvo Centre for Brain Health, and Las Vegas.

 How much Sands values Goldstein
 In an interview about his resignation, Goldstein stated that he will remain an advisor to the group and will help it flourish in the next year.

 He spoke about how this company changed the industry's focus from gambling to integrated resorts.  "The strategic approach changed the tourism landscape in Las Vegas, Macao, and Singapore through a different approach in each market."

 "I am excited about the opportunity to lead the team in the years to come as we write another remarkable chapter in the history of this company."

 Sands co-founder and controlling shareholder Miriam Adelson paid respect to the departing Goldstein. Adelson was the widow of the late Adelson.  She expressed the "great appreciation" of her family for his leadership and the impact he had on the company.

 The impact he has had on the company's history will be remembered forever, and Adelson expressed her family's gratitude for it.  The companionship and advice Rob gave Sheldon was invaluable, and he would be eternally grateful to Rob for all that he has done for him over the last 30 years.

 Expansion at Sands by 2024
 Sands had a successful 2024, reporting an increase in revenue and net profit, which led to the announcement.

 Sales for the twelve months ending December 31st, as reported in January, totalled $11.30 billion (£8.76 billion/€10.43 billion).  This is a 9.0% increase over last year.