Las Vegas Sands announced that Patrick Dumont will become the company’s chairman and chief executive officer effective March 1, 2026. Mr. Dumont will succeed Robert G. Goldstein, who becomes a senior advisor to the company through March 2028.

Sands’ board of directors had previously indicated Mr. Dumont would be the likely successor to Mr. Goldstein. Mr. Dumont was also appointed chairman of Sands China Ltd., the company’s Hong Kong-listed subsidiary.

“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. 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,” Mr. Dumont said.

Mr. Dumont was appointed president and chief operating officer of Sands in January 2021 and has been a member of the board of directors since 2017. He joined the company in 2010 and has focused on creating long-term growth for the business and its stakeholders in roles with responsibility for operations, properties and capital allocation strategy. Mr. Dumont has more than 25 years of experience in management, development, operations and corporate finance.

Under his leadership, Sands has undertaken transformative investment programs in Macao and Singapore to elevate its product offerings, enhance customer experience and increase long-term earnings potential. He is responsible for the company’s new development in Singapore, an $8 billion ultra-luxury project that broke ground in July 2025.

“We are fortunate to have the best assets in the best markets in our industry. 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,” Mr. Dumont added.

Mr. Dumont received an MBA from Columbia Business School and a Bachelor of Science in mechanical engineering from Johns Hopkins University. Mr. Dumont resides in Las Vegas, Nevada, with his wife and children.

Leading gambling companies Caesar’s Entertainment, MGM Resorts International, and Las Vegas Sands have recently been spotlighted in the 2025 “Low-Wage 100” report. This annual publication by the Institute for Policy Studies and Inequality.org identifies S&P 500 companies that show the smallest median wages for their employees compared to the large earnings of their top executives.

The financial figures reveal significant disparities in compensation. In 2024, Caesar’s CEO Tom Reeg earned $18.4 million, while the average U.S. employee at the company received just $43,880, resulting in a salary gap of 419 to 1. MGM’s CEO Bill Hornbuckle earned $15.8 million, sharply contrasting the company’s median employee salary of $47,607, creating a 332 to 1 ratio. Meanwhile, Las Vegas Sands’ Robert Goldstein took home $21.9 million, dwarfing the $42,426 earned by the typical worker and leading to a 516 to 1 pay disparity.

These pay gaps have sparked ongoing criticism of the casino industry. Since 2019, the top executive pay at Caesar’s has more than doubled, surpassing the 40% wage increase seen among its workforce. Though MGM and Las Vegas Sands have also raised executive salaries at a faster rate than employee wages, their growth was less dramatic compared to Caesar’s.

Experts argue that this imbalance extends beyond optics. The report examines billions spent on stock buybacks which inflate share prices and executive compensation, while funding for employee wages and training remains insufficient. For instance, MGM invested over $9.5 billion in buybacks last year—more than twice what was spent on upgrading its properties.

This uneven pay structure is not limited to major companies in the S&P 500. Smaller gaming firms reveal similar trends. Penn Entertainment reported a striking 734 to 1 gap, with its CEO earning $26.6 million and the average employee making $36,322. Boyd Gaming followed with a 304 to 1 ratio, and Golden Entertainment showed a 155 to 1 difference.

Industry critics suggest these pronounced salary gaps damage employee morale and complicate talent retention, ultimately hindering long-term growth. Calls for reform include proposals to increase taxes on companies with large pay disparities and to levy higher taxes on stock buybacks.

Despite these controversies, these companies remain among Nevada’s top employers and hold substantial influence within the global gambling market. Nevertheless, the study concludes that the industry’s focus on rewarding shareholders and executives over workers will likely persist without regulatory intervention.

Las Vegas Sands has contributed $100,000 through the Sands Cares global community engagement program to 100 Black Men Las Vegas in support of the organization’s youth mentorship, scholarship, and community service offerings.

The 2025 donation will enable 100 Black Men Las Vegas to offer new programs including a science, technology, engineering, and math initiative; the Pathways to Public Service program, which focuses on developing a pipeline of law enforcement and first responder professionals; and Realtist Academy, which prepares participants to become licensed real estate agents or mortgage brokers.

In addition, Sands Cares funding will help 100 Black Men Las Vegas pursue efforts to identify a permanent location for the organization.

“Sands has always understood our overall goal across all of our offerings, which work together to empower our youth and community members to be healthy, self-sufficient and successful. We’ve greatly expanded our reach over the past four years with Sands’ support, and the 2025 contribution is helping us grow current programs and introduce new initiatives to increase our positive impact even further,” Gentry Richardson, executive director of 100 Black Men Las Vegas, said.

The Sands Cares contribution continues to help underwrite 100 Black Men Las Vegas’ youth leadership development programs, including the flagship Crossroads youth mentoring and life skills program for middle and high school students. Crossroads covers more than 30 critical social and emotional skills that equip participants to successfully engage in their education, professions, and community. In 2024, mentor programs served more than 1500 students in the Las Vegas area and helped students achieve a cumulative 20% grade point average increase over 2023.

Sands’ donation also continues underwriting of scholarships for local college students. Last year, Sands Cares funding contributed to a scholarship pool that cumulatively enabled 100 Black Men Las Vegas to distribute more than $80,000 in scholarships funds, and the organization aims to provide $100,000 in scholarships in 2025.

Finally, the Sands Cares contribution also supports direct community service programs, including a free monthly Virtual Youth Cooking Class and Thanksgiving with the 100 and Friends, the organization’s annual Thanksgiving dinner distribution event.

Sands’ partnership with 100 Black Men Las Vegas is aligned with the company’s focus on education and helping build the workforce of the future.