Las Vegas Sands Corp’s chairman and chief executive, Robert Goldstein, sold 700,000 shares of the company’s common stock on Wednesday (October 29). The stock disposal grossed approximately US$41.22 million.
That is according to a filing the following day by U.S.-listed Las Vegas Sands, parent of Macau casino operator Sands China Ltd, and of Marina Bay Sands Pte Ltd, operator of Marina Bay Sands in Singapore.
The Wednesday transaction marked the second share disposal in a week by Mr Goldstein (pictured in a file photo). On October 27, he sold 300,000 shares of the casino operator’s common stock and grossed approximately US$17.8 million.
The firm noted in an October 27 filing that – as announced in March – Mr Goldstein will “transition to the role of senior advisor” on March 1, 2026, stepping down as chairman and CEO.
“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 stated in the Monday filing.
The firm also noted: “Mr Goldstein’s belief in the company’s prospects remains strong, and the stock sales are intended solely for financial diversification purposes.”
