As Las Vegas Sands Corp. eyes Macau and Singapore for future growth, an expert warned that this move will likely be entangled with economic and political risks. The upscale resort and casino company announced on March 3 that it has reached an agreement to sell its Las Vegas real property and operations, including The Venetian Resort…
Las Vegas Sands’ Asian Bet Facing Economic and Political Risks: Expert
Las Vegas Sands Shuts Door on US Gambling Hub With $6.25 Billion Asset Sale
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. The sale comes nearly two months after the death of Adelson—widely credited with helping transform…
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