Las Vegas Sands has appointed Patrick Dumont, co-owner of the Dallas Mavericks, as its new chairman and CEO, the company announced Friday.
Dumont will succeed Robert G. Goldstein and officially begin the role on March 1. Goldstein will remain with the company as a senior advisor through March 2028.
“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. “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 was also appointed chairman of the company’s Hong Kong subsidiary, Sands China. He joined Las Vegas Sands in 2010, has served on its board since 2017, and was named president and chief operating officer in January 2021. Dumont is the son-in-law of Miriam Adelson, who, along with her late husband Sheldon Adelson, holds a majority stake in Las Vegas Sands.
Dumont emphasized the company’s focus on its properties, workforce, 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,” he said.
The Dumont and Adelson families also addressed recent speculation about the Dallas Mavericks. “The Dumont and Adelson families remain fully committed to the Dallas Mavericks franchise and to the Dallas community,” the ownership group said Thursday. “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.”
