The promotion of Rob Goldstein to president of global gaming operations for Las Vegas Sands could shed some light on who might take over when the contract of the company’s highly respected president and CEO, Michael Leven, expires in two years.
Leven, who registered to sell more than 1.7 million shares (or $80 million worth) of LVS stock last month, recently signed a two-year extension of his contract. Part of his goal during the extension is to identify a successor, and Goldstein, a longtime LVS executive, has emerged as the front-runner. The president of the Venetian and the Palazzo in Las Vegas, Goldstein is known for his cool but firm management style.
As president of global gaming operations, Goldstein will oversee gaming operations in the U.S., Macau and Singapore.
“Rob is one of the gaming industry’s most knowledgeable executives and we have been privileged to have him with us for so many years,” said Las Vegas Sands Chairman and Chief Executive Officer Sheldon G. Adelson. “This new role will allow him to focus solely on this important segment of our business and, in turn, make our industry-leading gaming operations even more formidable.”