Sands China’s new CEO and chairman takes the helm

After the death of the company’s founder, Sheldon Adelson, Robert Goldstein has taken up his position as CEO and chairman.

Macau.- Sands China has officially announced the appointment of Robert Glen Goldstein as executive director, chairman of the board and CEO, effective from today.

Goldstein succeeds the gaming group’s founder, Sheldon Adelson, after his death. As well as his position at Sands China, he will also take over as chairman and CEO of Las Vegas Sands.

He previously held the position of chairman of Sands China’s Capital Expenditure Committee and Nomination Committee.

Goldstein has held other senior executive positions at Las Vegas Sands and its subsidiaries since 1995.

Sands China transition prepared

The death of the company’s founder is not likely to impact on the business’s strategy according to most analysts.

The casino tycoon had already taken a leave of absence to undergo cancer treatment for non-Hodgkin’s lymphoma and a transition was well-anticipated and planned.

David Green, principal at Newpage Consulting, said about Goldstein: “He has had stable management in place for some years in all of the geographically diverse operations of the group.”

Analysts with Sanford C. Bernstein agreed: “We see company management well-positioned to maintain the broad strategy that has been in place.

“With long-term Sands Executive, Rob Goldstein, who has been with the company since 1995 and became Acting CEO and Chairman of both LVS and Sands China last week, the company remains in solid hands.”