{"id":377,"date":"2026-03-06T16:44:54","date_gmt":"2026-03-06T17:44:54","guid":{"rendered":"https:\/\/cerulepillar.com\/?p=377"},"modified":"2026-03-25T13:23:43","modified_gmt":"2026-03-25T13:23:43","slug":"dumont-could-earn-nearly-27m-yearly-under-terms-of-new-sands-contract","status":"publish","type":"post","link":"https:\/\/cerulepillar.com\/index.php\/2026\/03\/06\/dumont-could-earn-nearly-27m-yearly-under-terms-of-new-sands-contract\/","title":{"rendered":"Dumont Could Earn Nearly $27M Yearly Under Terms of New Sands Contract"},"content":{"rendered":"<ul>\n<li><strong>He was recently appointed chairman and CEO of Las Vegas Sands<\/strong><\/li>\n<li><strong>His base salary is $2.5 million per year<\/strong><\/li>\n<li><strong>That figure could swell to as much as $26.87 million through cash and equity incentives<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>Las Vegas Sands (NYSE: LVS) Chairman and CEO Patrick Dumont could earn nearly $27 million in annual compensation, according to the terms of his amended employment contract with the casino operator.<\/p>\n<figure id=\"attachment_260158\" aria-describedby=\"caption-attachment-260158\" data-style=\"width: 858px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" class=\"wp-image-260158 size-post-thumbnail-858xAUTO lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"Marina Bay Sands\" width=\"858\" height=\"571\" data-src=\"https:\/\/cerulepillar.com\/wp-content\/uploads\/2026\/03\/Marina-Bay-Sands-858x571-1.jpg\"><figcaption>Marina Bay Sands in Singapore. Operator Las Vegas Sands amended CEO Patrick Dumont&#8217;s compensation agreement. (Image: Getty Images)<\/figcaption><\/figure>\n<p>A Form 8-K filed with the <a href=\"https:\/\/www.casino.org\/news\/sec-could-regulate-some-prediction-markets-but-not-sports\/\">Securities and Exchange Commission<\/a> (SEC) by Sands indicates Dumont\u2019s base salary will be $2.5 million per year, which is the same level of pay he earned when he served as chief operating officer (COO) and president.<\/p>\n<blockquote class=\"main-blockquote\">\n<p>Pursuant to his Employment Agreement, Mr. Dumont will be eligible to receive (i) a base salary equal to $2,500,000 (which does not reflect a change from Mr. Dumont\u2019s prior employment agreement), (ii) a target annual cash incentive award opportunity equal to 250% of his base salary, (iii) a target annual equity award opportunity equal to 725% of his base salary, and (iv) security services,\u201d according to the regulatory filing.<\/p>\n<\/blockquote>\n<p>If Dumont reaches the cash incentive of 250%, his cash compensation would increase to $6.25 million. Throw in the equity awards of 725% of the base salary and that\u2019s another $18.12 million. Combine the base salary of $2.5 million with those two figures and he could earn as much as $26.87 million per year.<\/p>\n<h2>Other Perks in Dumont Contract<\/h2>\n<p>As noted above, Dumont\u2019s agreement with Sands includes non-financial benefits, including personal security services. It also includes some travel-related perks.<\/p>\n<p><strong>\u201cCompany-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,\u201d according to the SEC filing.<\/strong><\/p>\n<div class=\"callout\">\n<p>A <a href=\"https:\/\/www.casino.org\/news\/draftkings-spent-700k-on-private-jet-travel-for-robins-in-2023\/\">source of criticism<\/a> in some circles, private jet travel is commonplace at large US companies and Sands has one of the largest fleets of company-owned planes among all companies <a href=\"https:\/\/www.casino.org\/news\/las-vegas-sands-spent-800000-in-2021-on-private-jet-travel\/\">in the S&amp;P 500<\/a>.<\/p>\n<\/div>\n<p>For executives, including Dumont, at Sands private air travel is a practical amenity because none of the company\u2019s casinos are located in the US. Of the six, five are located in Macau and the other is Marina Bay Sands in Singapore.<\/p>\n<h2>Dumont Recently Took Over as CEO<\/h2>\n<p>Dumont took over as chairman and CEO of Sands at the start of this month, replacing Robert Goldstein. That succession plan was announced a year ago. Goldstein has since liquidated his equity holdings in the company though he\u2019s staying on as senior advisor through March 2028.<\/p>\n<p><strong>Dumont joined Sands in June 2010 and was named chief financial officer in March 2016. He became president and chief operating officer in January 2021.<\/strong><\/p>\n<p>He\u2019s also the governor of <a href=\"https:\/\/www.casino.org\/news\/dallas-mavericks-arent-moving-to-las-vegas-say-adelson-dumont\/\">the Dallas Mavericks<\/a> &#8212; the NBA franchise he owns along with his mother-in-law, Dr. Miriam Adelson.<\/p>\n<p>The post <a href=\"https:\/\/www.casino.org\/news\/dumont-could-earn-nearly-27m-yearly-under-new-sands-contract\/\">Dumont Could Earn Nearly $27M Yearly Under Terms of New Sands Contract<\/a> appeared first on <a href=\"https:\/\/www.casino.org\/news\">Casino.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>He was recently appointed chairman and CEO of Las Vegas Sands His base salary is $2.5 million per year That figure could swell to as much as $26.87 million through cash and equity incentives Las Vegas Sands (NYSE: LVS) Chairman and CEO Patrick Dumont could earn nearly $27 million in annual compensation, according to the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":379,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/posts\/377"}],"collection":[{"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/comments?post=377"}],"version-history":[{"count":2,"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/posts\/377\/revisions"}],"predecessor-version":[{"id":380,"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/posts\/377\/revisions\/380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/media\/379"}],"wp:attachment":[{"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/media?parent=377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/categories?post=377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cerulepillar.com\/index.php\/wp-json\/wp\/v2\/tags?post=377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}