Las Vegas Sands President signs new multi-year contract

Coming on the heels of the recent contract extension of Global Gaming President Rob Goldstein and the hiring of Executive VP of Operations Chris Cahill, the extension of Leven's contract further solidifies the management team.

"Under Mike Leven's leadership our company has experienced tremendous success, and I am very grateful and honored that he has committed to be here with us for a longer period of time," said Sheldon G. Adelson, Chairman and CEO of Las Vegas Sands. "Mike has brought a very high level of professionalism to the company. He is not only the nicest guy, he's also probably the most competent and productive businessman I've worked with -- and that's 66 years in business."

Adelson said he expects his executive management team - which along with Messrs. Leven, Goldstein and Cahill includes Chief Financial Officer Ken Kay and Global General Counsel Ira Raphaelson - to push the company to even greater heights in the years to come.

"Being the world's leading developer of integrated resorts is frankly not enough for me or our senior management team. We also want the company to be a great investment for our shareholders, a best-in-class employer for our team members and a strong community partner in the areas in which we operate. Along with producing strong financial results, returning capital to our shareholders, and aggressively exploring new development opportunities, our management team will continue working tirelessly to meet our own lofty expectations and those of others," said Adelson.

Leven joined the Las Vegas Sands Board of Directors in 2004 and began serving as president and chief operating officer in March 2009. His previous contract was set to expire this November.