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Las Vegas Sands sells its Las Vegas property and operations for $6 25 billion to Apollo, VICI Properties

Shares of Las Vegas Sands Corp. rallied 3.0% in premarket trading Wednesday, after the casino operator announced agreements to sell its Las Vegas property and operations for $6.25 billion to Apollo Global Management and VICI Properties Inc. Apollo's stock was still inactive ahead of the open, while VICI shares fell 1.0%. Under terms of the deal, Apollo will buy the operating company of The Venetian, which includes the Venetian Resort and the.

Apollo Funds to Acquire The Venetian Resort and Sands Expo and Convention Center Operating Company from Las Vegas Sands

Apollo Funds to Acquire The Venetian Resort and Sands Expo and Convention Center Operating Company from Las Vegas Sands Apollo Global Management, Inc. Apollo Funds to Acquire Operations of America’s Premier Integrated Resort VICI to Acquire Real Estate Assets and to Lease Back to Venetian Operating Company NEW YORK, March 03, 2021 (GLOBE NEWSWIRE) Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced that funds managed by its affiliates (the “Apollo Funds”) have entered into a definitive agreement to acquire The Venetian Resort and Sands Expo and Convention Center Operating Company in Las Vegas (“The Venetian”) from Las Vegas Sands Corporation (NYSE: LVS) (“Las Vegas Sands”).

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