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Las Vegas Sands hands reins to Robert Goldstein after Sheldon Adelson’s death

NEW YORK (BLOOMBERG) - Las Vegas Sands, owner of Marina Bay Sands in Singapore, named acting chief executive officer Robert Goldstein as permanent CEO following the death of Sheldon Adelson, founder of the casino empire. Mr Goldstein, 65, will assume the role of chairman as well, Sands said on Tuesday (Jan 27). The company also promoted two longtime executives: Patrick Dumont, previously executive vice president and finance chief, was named president and chief operating officer. Randy Hyzak was promoted to succeed him as CFO. The appointments were triggered by the death of Mr Adelson, 87, earlier this month from complications of cancer. Mr Adelson earlier took leave from his posts atop the company for treatment. The company remains firmly in the hands of its founding family, with Miriam Adelson, Sheldon's widow, controlling the bulk of the family's 57 per cent stake in the company. Mr Dumont, who has been with the company since 2010, is her son-in-law. Mr Goldstein joined the company in 1995, while Mr Hyzak came aboard in 2016 as chief accounting officer. Like other casino operators, Sands has been hobbled by the global coronavirus pandemic. It's expected to report a 63 per cent dr...