(Reuters) - Las Vegas Sands ( LVS ) CEO Robert Goldstein intends to step down from the position when he transitions to a senior adviser role on March 1, 2026, the casino operator said on Thursday.

The Las Vegas, Nevada-based company said it intends to name its Chief Operating Officer, Patrick Dumont, as chairman and CEO upon Goldstein's transition.

Goldstein took over the role of CEO in 2021 and has been a member of the company's board since 2015. A long time veteran in the casino business, he joined Las Vegas Sands ( LVS ) in 1995.

He has held prominent roles at The Venetian and The Palazzo Las Vegas, two of the world's best-known casinos on the Vegas gambling strip.

Dumont, who was appointed chief operating officer in 2021, was previously the company's finance chief and has held key positions since he joined in 2010.