LVS leadership transition well planned, family to retain control: Bernstein

Las Vegas Sands management transition has been well anticipated and well planned and the company’s executives are well positioned to maintain the broad strategy that has been in place, analysts at Bernstein said.

Founder and CEO Sheldon Adelson passed away on Monday. Long-term executive Rob Goldstein is acting CEO.

“The Adelson family retains control and nearly 57 percent ownership of LVS and we do not see this changing. Patrick Dumont, Mr. Adelson’s son-in-law and Chief Financial Officer of LVS, has been with Sands since 2010 and we expect him to take a larger role in the company working closely with Goldstein to help transition to the next leg of leadership at Sands,” the firm said.