Inside Asian Gaming

IAG NOV 2020年11月亞博匯 68 2020 POWER 50 ROBERT GOLDSTEIN PRESIDENT AND COO Las Vegas Sands NON-EXECUTIVE DIRECTOR Sands China 總裁兼首席營運總裁 拉斯維加斯金沙集團股份有限公司 非執行董事 金沙中國 CLAIMS TO FAME 名成事跡 9 POWER SCORE 權能指數: 1,611 POSITION LAST YEAR 去年排名: 7 Stood in effectively for Sheldon Adelson during his 2019 illness Adelson’s trusted global lieutenant and enforcer Helped launch Venetian Las Vegas • • • • • • 在蕭登．艾德森2019年生病期間有力的站了出來 是艾德森辛辣跌全球業務副手及執行者 負責過在拉斯維加斯開幕 ROBERTGOLDSTEIN IS THECLEARSECOND in command at the world’s largest gaming company in terms of market cap and most other measures. Now in his 25th year with Las Vegas Sands, Goldstein is a longtime loyal lieutenant to Chairman and CEO Sheldon Adelson and not afraid to get tough with other executives. His time filling in for Adelson during his illness last year is widely viewed as a successful audition for the top job, when and if the 87-year-old Adelson decides to step back from the fray. Largely under Goldstein’s watch, LVS last year increased revenue to US$13.74 billion and EBITDA to US$5.4 billion. In a note to investors following Goldstein’s regency, advisory Sanford Bernstein extolled the market power of LVS, calling its Asia properties “crown jewels of global gaming … In Macau and Singapore, Sands dwarfs its competitors in market share, margins, free cash flow generation and return of capital to investors.” COVID-19 hasn’t broken the Sands money machine, only paused it. In his interim role, Goldstein appeared unfazed by the enormity of running LVS and satisfying shareholders, most notably majority owners Chairman Adelson and family members. Dr Miriam Adelson, the chairman’s wife, is actually the largest individual shareholder in LVS, and her younger daughter Sivan’s husband Patrick Dumont serves as LVS Executive Vice President and CFO. Along with Adelson and Goldstein, Dumont is the only executive mentioned by name whose loss “could have a material adverse effect on the company” in the LVS annual report. But Dr Adelson and her daughter, both born in Israel and deeply involved in that nation’s most read