rt Goldstein has been named as the new president and CPO of casino operator Las Vegas Sands Corporation.

Goldstein replaces Michael Leven, who has been president and CPO of the company since 2009 and is set to retire at the end of this year, while Sheldon Adelson will continue to serve as CEO.

Having been with the company since 1995, Goldstein has previously served as president of the Venetian and Palazzo, the company’s two strip resorts, and had most recently been president of global gaming operations.

Goldstein said in a statement: “For nearly 20 years I’ve had the privilege of working with one of the world’s greatest entrepreneurs. The tremendous success of this company is a testament to Sheldon Adelson’s vision and determination and the dedication of our nearly 50,000 team members worldwide.”

One of his main objectives with Las Vegas Sands has been to develop its gaming business in Macau, where it owns three hotel-casinos and a multi-resorts development.

Its annual revenue of $13.77bn was the highest in the gaming industry in 2013, and Adelson is confident that the company will continue to succeed with Goldstein as president.

“Our company is in the enviable position of having the most diverse set of assets and the strongest balance sheet in our industry, as well as being best-positioned to capitalise on future growth opportunities as they happen,” he said.

“With Rob's strong leadership, passion and energy, I'm fully confident we will expand our industry leadership to deliver even greater achievements in the years ahead.