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Vici Properties To Acquire Venetian Resort's Real Estate In Las Vegas
Sands Reaches Agreement To Sell Las Vegas Properties For $6.25 Bln
Apollo Funds To Acquire Venetian Resort, Sands Expo, Convention Center Operating Co From Las Vegas Sands
Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States. The Company's principal operating and developmental activities occur in three geographic areas: Macao, Singapore and the United States. In Macao, the Company's segments include The Venetian Macao; Sands Cotai Central; The Parisian Macao; Four Seasons Macao; Sands Macao, and Other Asia (comprises the Company's ferry operations and various other operations). In Singapore, the Company's segments include Marina Bay Sands. In the United States, the Company's segment is Las Vegas Operating Properties. The Company also offers players club loyalty programs at its properties, which provides access to rewards, privileges and members-only events.
Casinos & Gaming
3355 Las Vegas Blvd S Rm 1A
LAS VEGAS, NV
Robert Glen Goldstein
Chairman of the Board, Chief Executive Officer
President, Chief Operating Officer, Director
Randy A. Hyzak
Chief Financial Officer, Executive Vice President
D. Zachary Hudson
Executive Vice President, Global General Counsel, Secretary
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Las Vegas Sands Corp, founded by late casino mogul Sheldon Adelson, will sell its Vegas properties for $6.25 billion, exiting the U.S. gambling hot spot after three decades to focus on Asia, home to the world's largest gambling hub, Macau.
Casino operator Las Vegas Sands Corp said on Wednesday it would sell its Las Vegas real estate property and operations to Apollo Global Management Inc for about $6.25 billion.
Las Vegas Sands Corp, the world's largest casino company, on Tuesday named its long-time executive, Robert Goldstein, as chairman and chief executive officer.
Casino operator Las Vegas Sands Corp is exploring a sale of its flagship casinos in Las Vegas for about $6 billion, a source told Reuters on Monday, with the move likely to mark the exit of the group's chairman from the U.S. gambling industry for now.
Las Vegas Sands said it has ended plans to open an integrated resort (IR) casino in Japan, dealing another blow to Japan's attempts to energise its economy through tourism.
The winking airport slot machines that tell visitors they have arrived in Nevada's Sin City are turned off and wrapped in police tape; the famed Las Vegas Strip is so empty a group of bicyclists zooms down the middle on a Friday night.
Las Vegas Sands Corp on Wednesday posted a first-quarter loss as the coronavirus kept consumers at bay, but the casino operator struck an optimistic note as pent-up demand for gambling pointed to a speedy recovery in Asia.
Casino operator Las Vegas Sands Corp reported a loss for the first quarter compared to a year-ago profit, as the coronavirus-induced lockdown kept people away from gaming tables.
* Yokohama was long undecided amid worries about addiction, crime
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.