Las Vegas Sands CEO Robert G. Goldstein to Step Down in 2026, Taking on Senior Advisor Role

Transition of Leadership at Las Vegas Sands

In a major shift for the gaming and hospitality industry, Robert G. Goldstein will transition from his role as Chairman and CEO of Las Vegas Sands to a senior advisor position effective March 1, 2026. This moment marks the end of a significant chapter in Goldstein's extensive career with the company, during which he played a pivotal role in its transformation and success over the past three decades.

Goldstein, who became a part of the Sands family back in 1995 under the leadership of company founder Sheldon G. Adelson, has been influential in reshaping the landscape of integrated resorts. As he prepares to step back, he will continue assisting management with government relations, pursuits for new development opportunities, and gaming strategies until March 2028.

A Legacy of Innovation

Goldstein’s tenure was highlighted by key milestones that revolutionized the tourism and hospitality sectors of Las Vegas, Macau, and Singapore. One of his crowning achievements was the development and opening of The Venetian in Las Vegas in 1999, a venture some critics anticipated would fail. Instead, it became a cornerstone of the Strip, showcasing a unique all-suite resort tailored for business travelers and leisure tourists alike.

Reflecting on his journey, Goldstein noted, "In the beginning, we were counted out more times than I can count. All these years later, it is clear that the opening of The Venetian was a turning point in the history of the Las Vegas Strip."

Under his leadership, The Venetian was not only recognized for its upscale accommodations but also offered cultural attractions like the Guggenheim Hermitage Museum. Goldstein was also credited with bringing high-caliber Broadway productions to Las Vegas, which significantly elevated the entertainment profile of the city.

Expansion Beyond Borders

With a keen eye for growth, Goldstein actively guided the company’s expansion into Macau and the Asian market. His strategic decisions were instrumental in the establishment of Sands Macao in 2004, setting the stage for future economic endeavors in the region. In a landmark move in 2004, Goldstein supervised the sale of retail spaces in The Venetian and the still-under-construction Palazzo for $1.5 billion, a deal hailed as a major achievement that underscored the value of Las Vegas Strip real estate.

Goldstein’s keen focus didn’t stop at retail and gaming; he was pivotal in spearheading groundbreaking projects in entertainment and nightlife. The opening of the TAO Nightclub in 2005 marked a significant shift towards nightlife that would influence future developments across the Strip.

A Vision for the Future

As Goldstein steps back into an advisory role, he will continue to influence important projects, including the development of the MSG Sphere, a new entertainment venue adjacent to The Venetian. This venue is set to redefine entertainment experiences in Las Vegas, much like The Venetian did years ago.

Dr. Miriam Adelson, the co-founder and majority shareholder of the company, expressed gratitude for Goldstein's contributions, stating, "He has left an indelible mark on the history of the company, and we will always be thankful for it." Goldstein’s commitment to Las Vegas extends beyond his professional life; he and his wife, Sheryl, have supported numerous charitable organizations in the community, demonstrating their dedication to enhancing quality of life in the region.

Looking Ahead

Transitioning leadership within a historic company like Las Vegas Sands undoubtedly poses challenges, but with Patrick Dumont poised to take over as chairman and CEO, there is a strong expectation for continuity in Goldstein’s vision. As the industry continues to evolve, many await to see how Goldstein's continued involvement will shape the future of Las Vegas Sands and the broader gaming landscape.

For both Goldstein and the Las Vegas Sands, this transition signals not just an end but the beginning of a new chapter. Invested in the future, Goldstein remains proactive in nurturing opportunities that continue to champion growth and innovation for the company and the industry at large.