Following Sheldon Adelson’s passing, Las Vegas Sands appoints Robert Goldstein as permanent CEO

Las Vegas Sands passes the baton to Robert Goldstein as permanent CEO following founder of the casino empire Sheldon Adelson’s death. Goldstein, 65, is also set to assume the role of Chairman.

In addition, Las Vegas Sands has promoted longtime executives Patrick Dumont to President and COO, and Randy Hyzak was promoted to CFO.

Goldstein is also reported to be in talks with potential partners about expanding Sands into the sports betting sphere. This could be achieved by either building its own platform or licencing its brands. Adelson, however, was skeptical of going down the sports betting route since be believed it elicited problem gambling.

Undoubtedly, the land-based gaming industry has been negatively affected by the pandemic. For Sands, this has meant a possible 63% drop in revenue for Q4 set to be announced today. This is due to the mass closure of their casino resorts around the world, and, despite business resuming in places like Macau and Singapore, the revenue is well below pre-COVID levels.

Source:? Macao News