Friday, April 19, 2024

Sands deserts Vegas holdings, plans on dune more business in Asia

Las Vegas Sands Corp. is synonymous with the desert casino city, but that relationship is ending as the company has sold off its Las Vegas holdings, the Venetian and the Sands Expo and Convention Center. Apollo Global Management and Vici Properties have tossed in enough chips ($6.25 billion) to make the purchase. Sheldon Adelson, who died in January, opened the Venetian in 1999. The Venetian helped Las Vegas Sands become the world’s biggest casino company. As CNN reports, with the company name changed to Sands, it is focusing on its gambling assets in Singapore and Macau.

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