Goldstein and Las Vegas Sands Extend Contract
LAS VEGAS, NV, Jul 15, 2009 - Las Vegas Sands Corp. (NYSE: LVS) and long-time executive Robert Goldstein, who has served as senior vice president since 1995 and also serves as president of The Venetian and Palazzo resorts in Las Vegas, have reached an agreement that extends Mr. Goldstein's employment contract for two and a half years and promotes him to the title of Executive Vice President.
"Rob has played an important role in the success our organization has had to this point, and we are pleased he will be with us as we work to successfully execute on our development plan and take the company to the next level," said Las Vegas Sands Corp. Chairman and Chief Executive Officer Sheldon G. Adelson.
"As a member of the Board of Directors and now as chief operating officer, I am very happy that Rob will be walking these halls for some time to come," said Michael Leven. "The company has a strong management team made up of executives from a variety of different industries, and Rob's extensive experience, specifically in the gaming industry, is clearly an important part of our leadership mix."
"These are unique times and I am looking forward to working in unison with the rest of our management team to address the important issues before us," said Mr. Goldstein. "I have tremendous pride in this company and the many successes our team members have had since the first day I began working here in 1995."
"We have instituted aggressive efforts in Las Vegas that have helped us right size our business and our team here is very committed to running our properties as efficiently as possible, while still providing top-tier customer service," said Goldstein. "Las Vegas is a dynamic and resilient tourist destination and we are fortunate enough to operate two of the city's premier properties. The Venetian and Palazzo are exceptional resorts by anyone's definition and as this town inevitability navigates its way through a challenging economic environment, any increase in consumer spending combined with our operating efficiencies will certainly lead to higher profitability from our operations here."
Under Mr. Goldstein's day-to-day leadership, The Venetian in Las Vegas, which opened in 1999, has become one of the world's most profitable resorts. When it opened in late 2007, Goldstein also became president of The Palazzo resort. Before joining LVS, Mr. Goldstein spent 15 years developing casino-hotels in both the United States and the Caribbean.
Mr. Goldstein is a 1977 graduate of the University of Pittsburgh and a 1980 graduate of the Temple University School of Law.
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