Las Vegas Sands confirmed a leadership transition that will place Patrick Dumont at the head of the casino and resort operator. The company announced that Dumont will assume the roles of chairman and chief executive officer beginning March 1. Robert G. Goldstein will move into a senior advisory capacity that extends through March 2028. The organization maintains headquarters in Las Vegas despite strategic changes over recent years.

Dumont already holds strong ties to the company through years of executive involvement and ownership connections linked to the Dallas Mavericks basketball franchise. The leadership change comes after several years of operational shifts under Goldstein, including portfolio adjustments and continued emphasis on Asian integrated resort markets.

Leadership Shift And Executive Background

The company selected Dumont following his tenure as president and chief operating officer, a position he took in January 2021. He joined the board of directors in 2017 and has worked with the organization since 2010. Dumont also serves as co-owner of the Dallas Mavericks alongside Miriam Adelson, who controls a majority stake in Las Vegas Sands and previously shared ownership with company founder Sheldon Adelson.

“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 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. I am excited about our company’s future and look forward to getting started in this new role.”

The company also named Dumont chairman of Sands China, its Hong Kong-listed subsidiary. This appointment connects his leadership directly to key Asian markets that generate a large share of the group’s revenue.

Strategic Direction And Market Focus

Goldstein became chairman and CEO in 2021 after Sheldon Adelson’s death. During his tenure, the company sold The Venetian Resort and its convention center on the Las Vegas Strip for $6.25 billion in 2022. Management framed that sale as part of a plan to concentrate on Macau and Singapore operations.

“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 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.”

Dumont outlined continuity in corporate priorities as he prepares to take office. “We are fortunate to have the best assets in the best markets in our industry,” Dumont added in a statement published on the company’s website. “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. 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 shareholders.”

Recent discussion about the Dallas Mavericks placed the Adelson and Dumont families in the spotlight. Reports suggested Mark Cuban might attempt to reacquire the franchise after selling his stake in late 2023. Ownership representatives addressed those claims directly.

“The Dumont and Adelson families remain fully committed to the Dallas Mavericks franchise and to the Dallas community,” a statement from the Mavericks ownership group said Thursday, February 12. “They remain focused on building a championship organization for the long term. The team is not for sale and the families look forward to expanding their ownership stake over time.”

This statement reaffirmed long-term involvement with the team while Dumont prepares to lead the casino operator. The leadership change keeps continuity within a family-linked ownership structure that has guided company strategy since the founder’s era. Management now enters a new phase with Dumont overseeing operations across major international resort markets.