Las Vegas Sands Corp (LVS) has confirmed it has entered into a new employment contract with Patrick Dumont following his appointment as Chairman and CEO on 1 March 2026, as well as with two other senior executives of the company.
In a filing, LVS said Dumont’s employment agreement would see him receive a base salary equal to US$2.5 million per year – the same as during his previous role as President and COO – plus a target annual cash incentive award opportunity equal to 250% of his base salary (US$6.25 million), a target annual equity award opportunity equal to 725% of his base salary (US$18.1 million), and security services, company-owned aircraft usage for business and personal purposes, and, at his election, first class travel on commercial airlines for all business trips and first class hotel accommodations.
Also entering new employment agreements are Executive Vice President and Chief Financial Officer Randy Hyzak and Executive Vice President, Global General Counsel and Secretary D. Zachary Hudson.
Hyzak will under his new agreement be eligible to receive a base salary equal to US$1.35 million, a target annual cash incentive award opportunity equal to 200% of his base salary (US$2.7 million) and a target annual equity award opportunity equal to 250% of his base salary (US$3.38 million).
Hudson will be eligible to receive a base salary equal to US$1.6 million, a target annual cash incentive award opportunity equal to 200% of his base salary (US$3.2 million) and a target annual equity award opportunity equal to 425% of his base salary (US$6.8 million).
All agreements also contain certain termination benefits.
The revised agreements come after Robert Goldstein stepped down as of 1 March as Chairman and CEO, having agreed to transition to a Senior Advisor role for two years through March 2028.
LVS owns Singapore icon Marina Bay Sands and is controlling shareholder of Sands China, which owns and operates multiple casino resorts in Macau.
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