Patrick Dumont Named Las Vegas Sands Chairman & CEO | Dallas Mavericks Co-Owner Takes Helm

Las Vegas Sands Names Patrick Dumont CEO and Chairman

LAS VEGAS — Las Vegas Sands, the casino and resort company whose ownership also owns the Dallas Mavericks, has appointed Mavericks co-owner Patrick Dumont to become its new chairman, and CEO.

Announced Friday, Dumont will succeed Robert G. Goldstein, officially beginning his role on March 1. Goldstein will transition to a role as senior advisor to Las Vegas Sands through March 2028.

“It’s 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 in a statement. “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.”

The company also announced Dumont’s appointment as chairman of Sands China Ltd., its Hong Kong-listed subsidiary.

Dumont previously served as the company’s president and chief operating officer, a position he assumed in January 2021, and has been a member of the Sands Board of Directors since 2017. He has been with Las Vegas Sands since 2010.

Dumont is the son-in-law of Miriam Adelson, who, along with Dumont, co-owns the Dallas Mavericks. Miriam Adelson is the majority owner of Las Vegas Sands and was married to the company’s founder, Sheldon Adelson.

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

The announcement comes after recent reports regarding potential interest in acquiring the Dallas Mavericks. However, the Adelson and Dumont families recently affirmed their commitment to the team, dismissing speculation that they were considering a sale.

“The Dumont and Adelson families remain fully committed to the Dallas Mavericks franchise and to the Dallas community,” a statement from the Mavericks 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.”

According to a profile on the Las Vegas Sands investor relations website, Dumont is focused on creating long-term growth for the company through its operations, properties, and capital allocation strategy. He brings more than 25 years of experience to the role.

The board of directors had previously indicated Dumont would be the likely successor to Goldstein, according to the company’s announcement.