Las Vegas Sands Corp’s chairman and chief executive, Robert Goldstein, sold 300,000 shares of the company’s common stock on Monday, and intends to continue reducing his position in the firm.
That is according to a filing on Monday by U.S.-listed Las Vegas Sands.
The firm noted that – as announced in March – Mr Goldstein (pictured in a file photo) will “transition to the role of senior advisor” on March 1, 2026.
It added: “In connection with this transition, between October 27, 2025 and March 1, 2026, Mr Goldstein intends to sell some or all of his holdings of the company’s common stock for financial diversification purposes, including shares of common stock underlying his vested option awards.”
Las Vegas Sands’ filing noted that “the actual timing and amount” regarding share sales by Mr Goldstein “will depend on a variety of factors”.
As of March 17, Mr Goldstein was the beneficial owner of 4,629,005 shares in Las Vegas Sands, representing a stake of under 1 percent, according to company documents.
The firm stressed that “Mr Goldstein’s belief in the company’s prospects remains strong, and the stock sales are intended solely for financial diversification purposes.”
As part of this plan, Mr Goldstein sold 300,000 shares of common stock on Monday (October 27). The company’s stock price closed that day at US$59.44, up by 3.2 percent, valuing the stake sold by Mr Goldstein at approximately US$17.8 million.
Las Vegas Sands operates casinos in Macau via Sands China Ltd, and the Marina Bay Sands property in Singapore via its Marina Bay Sands Pte Ltd unit.
Last week, Las Vegas Sands reported group-wide net income of US$491 million in the third quarter – up 39.1 percent year-on-year – according to a filing in the United States. The latest result was based on net revenues that rose 24.2 percent year-on-year, to about US$3.33 billion.
The firm also announced that it was increasing its recurring common stock dividend by US$0.20 for the 2026 calendar year. This will raise its annual dividend to US$1.20 per share, equivalent to US$0.30 per share per quarter.
From March 1, 2026, Mr Goldstein will take on a two-year advisory role to Las Vegas Sands, up to March 2028, for an annual consulting fee of US$4.5 million, in what would be his “sole position with the company and its subsidiaries,” the firm announced last March.
The company said at the time that the Las Vegas Sands board intended to appoint Patrick Dumont, currently president and chief operating officer, as chairman and CEO. Mr Dumont is also a son-in-law of the group’s late founder, Sheldon Adelson.
