Las Vegas Sands Corp. executive vice president, global general counsel and secretary Lawrence “Lon” Jacobs is cashing in his chips.

The Paradise, Nevada-based casino and resort company notified the Securities and Exchange Commission on Friday that Jacobs was stepping down, effective Sept. 29. Las Vegas Sands owns The Venetian and The Palazzo on the Las Vegas Strip, along with several other resorts and venues, and reported $3.33 billion in net revenue for the second quarter of this year.

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