Sands ‘mulling $6bn sale of Vegas casinos’

Home » Sands ‘mulling $6bn sale of Vegas casinos’

Casino operator Las Vegas Sands is reputedly exploring a sale of its flagship casinos in Las Vegas for about $6bn, with the move likely to mark the exit of the company from the US gambling industry.



The properties included in the potential sale are Sands Expo Convention Center, the Venetian Resort Las Vegas and the Palazzo, a source said, asking not to be identified.

A potential sale of the Las Vegas properties will concentrate the company’s casino portfolio entirely in Macau and Singapore.

Bloomberg reported earlier that Las Vegas Sands is working with an adviser to solicit interest from potential suitors, with a company representative cited by the news outlet confirming there were early discussions about a sale and that nothing has been finalised.

Source: Asia Gaming Brief

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