PATRICK DUMONT NAMED CHAIRMAN OF SANDS CHINA LTD BY LAS VEGAS SANDS CORP

Written by Emily J. Thompson, Senior Investment Analyst

Source: moomoo

Updated: 2 days ago

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LVS+0.56%

Should l Buy LVS?

Source: moomoo

Appointment Announcement: Patrick Dumont has been appointed as the Chairman of Las Vegas Sands Corp.
Company Overview: Las Vegas Sands Corp. is a prominent player in the gaming and hospitality industry, with significant operations in the United States and Asia.

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Analyst Views on LVS

Wall Street analysts forecast LVS stock price to rise

14 Analyst Rating

10 Buy

4 Hold

0 Sell

Moderate Buy

Current: 56.830

Low

56.89

Averages

69.12

High

80.00

Current: 56.830

Low

56.89

Averages

69.12

High

80.00

Morgan Stanley

Equal Weight

maintain

$67 -> $66

2026-02-11

New

Reason

Morgan Stanley

Price Target

$67 -> $66

AI Analysis

2026-02-11

New

maintain

Equal Weight

Reason

Morgan Stanley lowered the firm's price target on Las Vegas Sands to $66 from $67 and keeps an Equal Weight rating on the shares. Sands reported better Singapore results, but weaker Macau results in Q4, the analyst tells investors in an earnings recap note.

CBRE

John DeCree

Buy

maintain

$62 -> $72

2026-01-29

Reason

CBRE

John DeCree

Price Target

$62 -> $72

2026-01-29

maintain

Buy

Reason

CBRE analyst John DeCree raised the firm's price target on Las Vegas Sands to $72 from $62 and keeps a Buy rating on the shares.

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About LVS

Las Vegas Sands Corp. is a global developer and operator of destination properties (Integrated Resorts). The Integrated Resorts feature accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants and other amenities. Its properties also cater to high-end players by providing them with luxury amenities and premium service levels. Its other amenities include luxury accommodations, restaurants, lounges, invitation-only clubs and private gaming salons. Its principal operating and developmental activities occur in two geographic areas: Macao and Singapore. In Macao, it owns The Venetian Macao Resort Hotel; The Londoner Macao; The Parisian Macao; The Plaza Macao and Four Seasons Macao, and Sands Macao. In Singapore, it owns Marina Bay Sands. It also has ferry operations. It owns and operates a collection of Integrated Resorts in the Macao Special Administrative Region of the People's Republic of China (PRC) through Sands China Ltd.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Las Vegas Sands Appoints New CEO

2 days agoseekingalpha

Executive Appointment: Las Vegas Sands (LVS) has appointed Patrick Dumont as the new chairman and CEO, effective March 1, succeeding Robert Goldstein, who will serve as a senior advisor until 2028, indicating stability in corporate governance.
Succession Planning: Dumont's appointment was anticipated as the board had previously indicated he would likely succeed Goldstein, reflecting continuity and strategic foresight in the company's leadership.
Extensive Experience: Since joining the company in 2010, Dumont has held several key positions, accumulating over 25 years of experience in management, development, and corporate finance, focusing on driving long-term growth and enhancing shareholder value.
Transformative Investments: Under Dumont's leadership, the company has undertaken transformative investments in Macau and Singapore to elevate product offerings, enhance customer experience, and increase long-term earnings potential, despite a 12.7% decline in stock price year-to-date.

Las Vegas Sands Appoints New CEO

2 days agoNASDAQ.COM

Executive Transition: Las Vegas Sands Corp. announced that Patrick Dumont will become the chairman and CEO effective March 1, 2026, succeeding Robert Goldstein, who will serve as a senior advisor until March 2028, indicating the company's focus on strategic leadership planning and stability.
Succession Planning: Dumont's succession was previously indicated by the board, and he has served as president and COO since January 2021 while being a board member since 2017, reflecting the company's emphasis on internal development and continuity in executive selection.
Extensive Experience: With over 25 years of experience in management, development, operations, and corporate finance, Dumont has been CFO since 2016, showcasing his deep understanding of the company's financial health and strategic growth, which will be beneficial for future business expansion.
Career Background: Dumont began his career in investment banking with Bear Stearns & Co and Miller Buckfire & Co, and his extensive financial background will provide strong support for Sands' strategic decision-making.

Las Vegas Sands Appoints New CEO

2 days agoPRnewswire

Leadership Transition: Patrick Dumont will assume the role of Chairman and CEO of Las Vegas Sands effective March 1, 2026, succeeding Robert Goldstein, who will serve as a senior advisor until March 2028, reflecting the company's commitment to sustained leadership.
Strategic Growth: Since becoming President and COO in 2021, Dumont has leveraged over 25 years of management and finance experience to drive significant investments in Macau and Singapore, aimed at enhancing product offerings and customer experiences, which is expected to bolster long-term earnings potential.
New Project Launch: Dumont is overseeing an $8 billion ultra-luxury project in Singapore that broke ground in July 2025, marking a significant expansion into the high-end market, which is anticipated to attract more affluent customers and enhance the brand's prestige.
Team Stability: Dumont emphasized the stability of the core leadership team and the ongoing focus on investing in employees and local communities to create positive economic impacts and strong shareholder returns, demonstrating the company's commitment to sustainable development.

Las Vegas Sands Appoints New CEO

2 days agoNewsfilter

Leadership Transition: Las Vegas Sands announced that Patrick Dumont will become CEO effective March 1, 2026, succeeding Robert Goldstein, who will serve as a senior advisor until 2028, highlighting the company's commitment to sustained leadership.
Strategic Development: Dumont, who has been president and COO since 2021 and has over 25 years of management and finance experience, will continue to drive the company's $8 billion ultra-luxury project in Singapore, aimed at enhancing customer experience and long-term profitability.
Team Stability: Dumont emphasized the stability of the core leadership team, stating a focus on maximizing investments in assets and communities to ensure strong returns for shareholders, reflecting the company's commitment to sustainable development.
Market Positioning: As a leading global developer and operator of integrated resorts, Las Vegas Sands is dedicated to driving tourism growth and creating economic benefits, and Dumont's appointment is expected to further solidify its leadership position in the industry.