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.

Zac Hudson, the top lawyer and executive vice president for Afiniti International Holdings Co. Ltd., a Washington, D.C.-based data and software firm focused on using artificial intelligence to improve customer service, will step in as Jacobs' successor Sept. 30.  

Jacobs, acting as an adviser, will assist with the transition of legal department leadership at Las Vegas Sands, according to the SEC notice. In an earlier filing in June, the company notified the SEC that it had extended Jacobs' employment agreement beyond July 31. 

As part of the agreement, Las Vegas Sands had the option of ending his employment on two weeks' notice after Aug. 1, or Jacobs could resign on two weeks' notice after Jan. 1, 2020. The agreement also included a retention bonus of $1.26 million for Aug. 1 through Dec. 31. Jacobs is entitled to a prorated bonus payment as long as his employment was ended in accordance with the agreement. 

Attempts to speak with Jacobs and a Las Vegas Sands representative were not immediately successful Monday. Hudson also could not be reached for comment.

Jacobs joined Las Vegas Sands in 2016 after serving for nearly three years as the executive VP and GC of Time Inc., according to his LinkedIn profile. He succeeded Ira Raphaelson, who left his post as the top lawyer at Las Vegas Sands and later joined Stroock & Stroock & Lavan as senior counsel in the firm's office in Washington, D.C. He now serves as senior counsel at White & Case. 

Jacobs began his in-house career in 1996 as deputy general counsel for Rupert Murdoch's News Corp. and was promoted in 2005 to GC and senior executive VP, according to his LinkedIn profile. 

The celebrity phone-hacking scandal involving News Corp. tabloid The News of the World erupted while Jacobs was at the helm of the company's legal department and played a role in his decision to resign in 2011, according to a report from The New York Times. 

Hudson, meanwhile, is a former U.S. Navy lieutenant and Yale Law School grad who clerked for Judge Brett Kavanaugh, now a U.S. Supreme Court justice, in 2009 when Kavanaugh was on the U.S. Court of Appeals for the D.C. Circuit. Hudson went on to clerk for U.S. Chief Justice John Roberts, according to his LinkedIn profile. 

Ahead of Kavanaugh's controversial confirmation hearing last year, Hudson joined 16 other former Kavanaugh clerks who issued statements supporting his nomination to the Supreme Court. Hudson described the judge as a "brilliant person who has a deep and nuanced understanding of the law. 

"He judges each case fairly and independently based on an assessment of the facts and arguments with which he is presented. Policy and politics do not alter his approach to judging. This country would be fortunate to have Brett Kavanaugh as a Supreme Court Justice," he added. 

In 2011, Hudson joined the Washington, D.C., boutique firm Bancroft, which Kirkland & Ellis absorbed in 2016, when he took an in-house position at Afiniti. 

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