Las Vegas Sands Declares Government Management Crew

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LVSC Logo (PRNewsfoto/Las Vegas Sands)

LAS VEGAS, January 26, 2021 / PRNewswire / – Las Vegas Sands has appointed a senior executive director Robert G. Goldstein Chairman and Chief Executive Officer, after assuming the role of Acting Chairman and Chief Executive Officer January 7, 2021. Patrick Dumont was named President and Chief Operating Officer, and Randy Hyzak will now serve as Chief Financial Officer. Mr. Dumont was previously Executive Vice President and Chief Financial Officer, and Mr. Hyzak was Chief Accounting Officer.

The changes come as the company continues to grapple with the loss of its visionary founder, Mr. Sheldon G. Adelsonwho has been the company’s chairman and managing director since its inception. Mr. Adelson continued to die 11th January at the age of 87 for complications related to the treatment of non-Hodgkin lymphoma.

“Mr. Adelson’s leadership has brought us to the forefront of our industry, and his legacy lives on through the company’s 50,000 team members and the iconic traits he has developed around the world,” said Mr. Goldstein. “Our mood has been weaker in these few weeks since his death, but the future of the company he started seems bright. He would expect nothing less than an aggressive pursuit of the work he started and I am determined to move this company forward in a way who best honors his vision. ”

Mr. Goldstein joined the company in 1995 and became a member of the Board of Directors of January 2015. Prior to his appointment as Chairman and Chief Executive Officer, Mr. Goldstein has since served as President and Chief Operating Officer January 2015. His previous roles with the company have included President of Global Gaming Operations and Executive Vice President and President and Chief Operating Officer of The Venetian and The Palazzo Las Vegas.

Mr. Dumont joined Sands in 2010 and has been a director of the company ever since April 2017. In addition to his roles as Executive Vice President and Chief Financial Officer, Mr. Dumont also served as Senior Vice President of Finance and Strategy and Vice President of Corporate Strategy. Prior to Sands, Mr. Dumont worked in corporate finance.

“Mr. Adelson created the roadmap for the future of this company, and that roadmap is unchanged. I am eager to work with Rob and our leadership team to achieve our strategic goals,” said Dumont. “Our way forward is clear and remains true to the principles to which our founder has been committed for so many years. We will continue to support our employees and the local communities in which we operate, reinvest in our current markets and generate strong returns for our shareholders are aggressively looking for new development opportunities. “

With the appointment of Mr. Dumont, Mr. Hyzak takes on the role of Chief Financial Officer, having served as Senior Vice President and Chief Accounting Officer since joining the company in March 2016. Prior to Sands, Mr. Hyzak served as vice president and chief accounting officer at Freescale Semiconductor, Ltd., and previously held other senior finance and accounting roles at Freescale Semiconductor, including corporate controller.

About Las Vegas Sands Corp. (NYSE: LVS)

Las Vegas Sands is the world’s leading developer and operator of world-class integrated resorts. We provide unmatched economic benefits to the communities in which we serve.

Sands created the Integrated Resort based on Meetings, Incentives, Congresses and Exhibitions (MICE). Our industry-leading integrated resorts are essential contributors to our host communities, including the growth of leisure and business tourism, sustainable job creation and ongoing financial opportunities for local small and medium-sized businesses.

Our properties include the Venetian Resort and Sands Expo in Las Vegas and the iconic Marina Bay Sands in Singapore. The majority stake in Sands China Ltd. we have developed the largest real estate portfolio on the Cotai Strip in Macau, including the Venetian Macau, Plaza and Four Seasons Hotel Macau, London Macau and Paris Macau, and Sands Macau am Macau Peninsula.

Sands strives to be a good corporate citizen, rooted in the core tenets of service to people, planets and communities. We provide a great work environment for our team members around the world, drive the social impact through the Sands Cares community engagement and charity program, and lead environmental performance through the award-winning Sands ECO360 global sustainability program. Please visit www.sands.com for more information.

Forward-Looking Statements

This press release contains forward-looking statements made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties, or other factors that are beyond the control of the company and could cause actual results, performance, or other expectations to differ materially. These factors include, but are not limited to: the uncertainty about the extent, duration and impact of the COVID-19 pandemic and the response from governments and other third parties, including government-mandated property closures, increased operational regulatory requirements or travel restrictions; on our business, results of operations, cash flows, liquidity and development prospects; general economic conditions; Disruption or restriction in travel and our operations due to natural or man-made disasters, pandemics, epidemics or outbreaks of contagious or contagious diseases; our ability to invest in future growth opportunities; In both cases, carry out our previously announced investment programs Macau and Singaporeand achieve future returns; Redevelopment, construction and ventures; state regulation; Risks related to our gaming licenses and sub-concessions; the ability of our subsidiaries to make distribution payments to us; significant leverage and debt servicing; Exchange rate and interest rate fluctuations; Gaming promoters; Competition; Changes in tax law; Transport infrastructure in Macau;; political instability, civil unrest, acts of terrorism or war; Legalization of games; Insurance; and other factors listed in reports submitted by Las Vegas Sands Corp. filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of their publication. Las Vegas Sands Corp. assumes no obligation to update such information.

Contacts:

Investment Community:
Daniel Briggs
(702) 414-1221

Media:
Ron Reese
(702) 414-3607

SOURCE Las Vegas Sands Corp.

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