Published on: March 6, 2026, 11:44h.
Updated on: March 6, 2026, 11:44h.
- Recently appointed as Chairman and CEO of Las Vegas Sands.
- Annual base salary set at $2.5 million.
- Total compensation might reach up to $26.87 million with incentives.
Patrick Dumont, the newly appointed Chairman and CEO of Las Vegas Sands (NYSE: LVS), stands to receive an impressive annual remuneration package nearing $27 million as outlined in his revised employment contract with the gaming company.
A recent Form 8-K submitted to the Securities and Exchange Commission (SEC) reveals that Dumont’s salary mirrors the $2.5 million he earned during his tenure as Chief Operating Officer (COO) and President.
As outlined in his Employment Agreement, Mr. Dumont’s compensation includes (i) a base salary of $2,500,000 (unchanged from prior agreements), (ii) a target annual cash incentive of 250% of his base salary, (iii) equity awards targeting 725% of his base salary, and (iv) security services,” per the regulatory document.
Should Dumont achieve the full cash incentive of 250%, his cash compensation would rise to $6.25 million. Adding the equity awards of 725% results in an additional $18.12 million. This totals a potential income of $26.87 million annually when combined with his base salary.
Additional Benefits in Dumont’s Contract
As highlighted, Dumont’s contract includes several non-monetary provisions, like personal security services and various travel benefits.
“Usage of company-owned aircraft for both business and personal travel, as well as first-class travel on commercial flights and first-class hotel accommodations for all business trips,” per the SEC filing.
Despite facing scrutiny, private jet travel is a regular practice among large corporations, and Sands possesses one of the largest fleets of corporate aircraft in the S&P 500.
For executives like Dumont at Sands, private aviation is a viable necessity since the majority of the company’s casinos are located outside the US—five in Macau and one at Marina Bay Sands in Singapore.
Dumont’s Recent Transition to CEO
Dumont assumed the roles of Chairman and CEO of Sands at the beginning of this month, succeeding Robert Goldstein, whose transition plan was communicated a year earlier. Goldstein has sold his equity stakes in the firm while remaining as a senior advisor until March 2028.
Dumont has been with Sands since June 2010, becoming CFO in March 2016 and then President and COO in January 2021.
He is also the governor of the NBA team Dallas Mavericks, which he co-owns with his mother-in-law, Dr. Miriam Adelson.