Robert Goldstein

Robert Goldstein became chairman and CEO of Las Vegas Sands following the death of founder Sheldon Adelson in 2021. Under his leadership, LVS made the bold decision to sell its Las Vegas properties (The Venetian and Palazzo) for $6.25 billion and become a pure-play Asian gaming company. LVS now operates exclusively in Macau (The Venetian Macao, The Londoner Macao, The Parisian, Sands Macao, and Plaza Macao) and Singapore (Marina Bay Sands — consistently the world's most profitable single casino property). The post-COVID recovery in Macau has been the defining investment thesis. China's reopening in early 2023 unleashed pent-up demand for gambling in Macau, and gaming revenue has been recovering toward pre-pandemic levels. Marina Bay Sands in Singapore has been performing exceptionally well, generating EBITDA that rivals or exceeds Macau combined. LVS has committed over $8 billion in investment for Marina Bay Sands expansion and Londoner Macao renovation. Goldstein's management of the Macau recovery trajectory, Marina Bay Sands expansion execution, and capital return to shareholders through buybacks and dividends are the primary drivers of the stock.