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2017 Inside Asian Gaming Power 50: Number 11 - Rob Goldstein

Tuesday, 05 December 2017 14:14
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11 Rob Goldstein

Las Vegas Sands Corp



• Sheldon Adelson’s global deputy and enforcer
• Has overseen key property openings in Las Vegas and Macau

A veteran of the company, having served as Executive Vice President of Marketing at the Sands Hotel in Atlantic City before joining Las Vegas Sands in 1995, Rob Goldstein has been at the coalface of LVS’ rise to the top of the global gaming mountain.

Over that time he has earned the trust and respect of no less a judge than Chairman and CEO Sheldon Adelson, ultimately progressing to become Adelson’s right-hand man, trusted confidante and global voice – making sure the boss’ vision becomes a reality.

Goldstein has a strong track record. Part of the executive team that oversaw the opening of LVS flagship The Venetian Las Vegas, he became its first President and Chief Operating Officer upon launch in 1999 where, as the company says, “he helped shape the identity of the property and set the stage for its long-lasting success.” When the Palazzo opened in 2007, he took charge there too and with his promotion to President of Global Gaming Operations in January 2011 became a guiding force in LVS’ growth into the industry’s largest multinational.

His elevation to President and COO of Las Vegas Sands – which also saw him temporarily fill the role of interim Sands China President prior to the appointment of Wilfred Wong – came in January 2015 following the departure of Edward Tracy and saw him tasked with two key challenges, namely navigating through Macau’s downturn and ensuring the smooth opening of the Parisian Macao.

In regards to the former, Sands China emerged from the minicrisis as market leader, led by its strong presence in the mass market segment. As for the latter, the Parisian has been one of the primary beneficiaries of Macau’s resurgence in 2017 with net revenue up 15.8% year-on-year to US$418 million and Adjusted property EBITDA growing 27.4% to US$135 million.

“We’re very pleased,” Goldstein said during the company’s 3Q17 earnings call. “The Parisian has proven to be wildly successful. This quarter, I think, validates our approach there – the themed approach. The façade is exemplary. It attracts 40,000 people a day into the building. And all segments seem to be attracted to this building.”

Another tick in Goldstein’s glittering career.

To return to the full list of 2017 Asian Gaming Power 50 winners, click here.

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