LAS VEGAS – Las Vegas Sands (NYSE: LVS) introduced that Robert G. Goldstein, its chairman and chief govt officer and long-time senior govt, will transition to the function of senior advisor on March 1, 2026. Mr. Goldstein has agreed to function a senior advisor by March 2028. In that capability, Mr. Goldstein will help administration with its authorities relations actions, efforts to pursue new bodily growth alternatives and the corporate’s gaming methods.
This firm reworked the trade from a gaming-centric mannequin to the built-in resort mannequin and, by a distinct strategic strategy in every market, meaningfully modified the tourism panorama in Las Vegas, Macao and Singapore. I’ve been lucky to work with a terrific crew of individuals through the years, and I particularly wish to specific my gratitude to Sheldon for his help and friendship. I might additionally prefer to thank Dr. Adelson. I look ahead to utilizing the years forward to assist the crew construct towards one other nice chapter on this firm’s historical past. Robert G. Goldstein
Mr. Goldstein joined the corporate previous to the opening of The Venetian Las Vegas and was intricately concerned in its growth, finally changing into president when it opened in 1999. Whereas The Venetian was being constructed, Mr. Goldstein had quite a few areas of duty together with constructing the property’s gaming enterprise and its operations. He was additionally the lead govt liable for creating the Grand Canal Shoppes, the property’s giant retail mall. He attracted new retail manufacturers to the market together with essential life-style manufacturers, resembling Canyon Ranch Spa. His efforts additionally introduced game-changing eating ideas and a powerful roster of superstar chef eating places, a mannequin that was nonetheless comparatively new on the time.
On the time of its development, many trade observers predicted the all-suite 3,000-room lodge, which was constructed to cater to enterprise vacationers and conference attendees through the week and leisure guests on the weekends, could be lower than profitable.
At first, we have been counted out extra instances than I can rely,
Mr. Goldstein mentioned. All these years later it’s clear the opening of The Venetian was a turning level within the historical past of the Las Vegas Strip. Sheldon was broadly criticized on the time, however his imaginative and prescient and the work we began collectively 30 years in the past has greater than stood the take a look at of time.
Throughout his time as president and chief working officer of The Venetian and The Palazzo from 1999 to 2010, Mr. Goldstein was liable for many essential property milestones, which additionally had a broader affect on the Las Vegas Strip as nicely.
Below Mr. Goldstein’s management, The Venetian featured cultural points of interest such because the Guggenheim Hermitage Museum together with being among the many first Las Vegas properties to draw top-tier Broadway exhibits together with Phantom of the Opera and Jersey Boys. Mr. Goldstein additionally oversaw The Venetian’s vital hospitality enhancements that have been designed to draw extra worldwide guests, particularly these coming from Asia the place the corporate opened Sands Macao in 2004 and was actively pursuing different developmental alternatives within the area.
In 2004, Mr. Goldstein led the corporate’s efforts to promote its retail choices in The Venetian and the not-yet-opened Palazzo for $1.5 billion. Business analysts on the time lauded the sale as a “landmark deal” for the worth of Las Vegas Strip realty – the sale additionally led to funding in Las Vegas actual property in a broader context general. Later that very same 12 months, he was current as Sands was traded publicly for the primary time on the New York Inventory Alternate, the place it might turn out to be essentially the most precious firm in its trade based mostly on market capitalization.
One other essential second for leisure in Las Vegas, and the affect Mr. Goldstein had on it, got here in September of 2005 when the 40,000 square-foot TAO Nightclub opened at The Venetian. The venue was profitable from the start and set off a brand new period of large-scale growth in Las Vegas centered on nightlife and leisure.
Whereas the corporate was increasing its presence in Macao and Las Vegas, Mr. Goldstein was additionally guiding the event of Sands Bethlehem in jap Pennsylvania. The undertaking opened in 2009 – reinvigorating the positioning of the shuttered Bethlehem Metal Mill and changing into a mannequin for future regional on line casino growth. Sands bought the property in 2019 for $1.3 billion.
In late 2014, after having served as president of worldwide gaming operations, Mr. Goldstein was named the corporate’s president and chief working officer and continued to work carefully with Mr. Adelson and the management groups in Las Vegas, Macao and Singapore. When Mr. Adelson handed away in January of 2021, Mr. Goldstein was named the corporate’s chairman and chief govt officer.
As one of many first workers of the corporate, our household has nice appreciation for Rob’s management and the numerous contributions he’s made through the years. He has left an indelible mark on the historical past of the corporate, and our household will at all times be grateful for it. Sheldon deeply appreciated Rob’s friendship and counsel, and he could be very grateful for all the things Rob has given over the previous three many years. Dr. Miriam Adelson, co-founder and majority shareholder of Sands
Mr. Goldstein has at all times had a powerful perception in Las Vegas as a world-class enterprise and tourism location, and that was by no means extra obvious than when he helped assemble a gaggle of native enterprise and neighborhood leaders, together with different gaming corporations, to safe help for a brand new world-class stadium in Las Vegas. Together with Mark Davis, proprietor of the Nationwide Soccer League’s Raiders franchise, Mr. Goldstein and others went earlier than the Southern Nevada Tourism Infrastructure Committee and made the case for the advantages the stadium would carry to the area. In the end the committee agreed, and some brief years later the Las Vegas Raiders made their debut in a brand new state-of-the-art 65,000-seat stadium.
With a brand new NFL stadium transferring forward, it was time to pursue the subsequent game-changing leisure undertaking. In early 2018, Madison Sq. Backyard (MSG) Firm and Las Vegas Sands introduced a partnership to develop MSG Sphere – a brand new world-class leisure and music venue situated subsequent to The Venetian and its expo and conference heart. Mr. Goldstein instantly noticed some great benefits of having the brand new venue in such proximity to the corporate’s Las Vegas properties. He labored carefully with MSG Government Chairman and CEO Jim Dolan to get the undertaking off the bottom. Sands contributed the land for the venue and made a capital contribution to the undertaking as nicely. Sphere opened to rave evaluations within the fall of 2023 and has turn out to be a can’t-miss attraction and an iconic a part of the Las Vegas Strip skyline.
Mr. Goldstein and his spouse, Sheryl, have been actively concerned in lots of Las Vegas charitable and civic causes through the years. They each have served on quite a few boards and been beneficiant donors to quite a lot of organizations, together with Alternative Village, Cleveland Clinic Lou Ruvo Middle for Mind Well being – Las Vegas, Nevada Ballet, Emeril Lagasse Basis, Adelson Clinic for Drug Abuse Therapy and Analysis, Public Schooling Basis and lots of others. Mr. Goldstein was additionally the driving pressure behind the creation of the Younger Girls’s Management Academy of Las Vegas, a constitution faculty providing a high-quality, all-girls’ schooling mannequin for Las Vegas-area households.
Each the corporate and Mr. Goldstein intend for his senior advisor function to be his sole place with the corporate and its subsidiaries as of March 1, 2026. The corporate’s board of administrators intends to call Mr. Patrick Dumont, the corporate’s president and chief working officer, as chairman and chief govt officer upon Mr. Goldstein’s transition to his senior advisor function.
About Sands
Sands is the main world developer and operator of built-in resorts. The corporate’s iconic properties drive precious leisure and enterprise tourism and ship vital financial advantages, sustained job creation, monetary alternatives for native companies and neighborhood funding to assist make its host areas supreme locations to dwell, work and go to.
Sands’ portfolio of properties contains Marina Bay Sands® in Singapore and The Venetian® Macao, The Londoner Macao®, The Parisian Macao®, The Plaza Macao and Four Seasons Hotel Macao, and Sands® Macao in Macao SAR, China, by majority possession in Sands China Ltd.
Devoted to being a pacesetter in company duty, Sands is anchored by the core tenets of serving folks, communities and the planet. The corporate’s ESG management has led to inclusion on the Dow Jones Sustainability Indices for World and North America. To be taught extra, go to www.sands.com.